Question

On 1st January, 2004 Yuvraj purchased from Sachin machine on hire purchase system. The hire
purchase price was Rs. 50,000 payable in five equal annual installments of Rs 10,000 each
payable on 31st December every year, inclusive of interest @ 10% per annum. Calculate cash
\price and prepare necessary accounts in the books of Sachin, assuming 31st December as year
ending​

Answer 1

Answer:

Explanation:

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