Question

On 1-1-2010 M has purchased a machinery from A and Paid Rs 8000 st the time of
was Rs. 48.000. The balance amount was paid in the following four aller
year with interest @ 5% on the cash price 12.000 on 31-12-2010 11.900 31-12-20
31-12-2012, and Rs. 10.500 on 31-12-2010 Rs. 11 500 on at 10% pa on reducmgham
Prepare Machinery A/c and Vendor's A/e n the Books of M. Use Full Cash Price Credit Purchase​

Answer 1

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