Question

On 1st April, 2015 Anuj Computers, Durg sold to Anil &
Sons, Raipur a computer on Hire Purchase system. * 8,000
being paid on delivery and * 8,000 in annual payments
thereafter on 1st April for 3 years. The annual payment
included the interest chargeable at 4%.
Present value of 31 per annum for 3 years at 4% is
2.7751.
Show journal entries in the books of Anuj Computers
(Vendor)​

Answer 1

Answer:

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