Accountancy, asked by zamzam27, 10 months ago

Raja purchased an asset under hire purchase system for 60000

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Answered by Adityaanand20

7

Answer:

Raja purchased an asset under hire purchase system for ` 60,000 payments tobe made ` 15,000 down and three installments of ` 18,000 each at the end ofeach year. ... Due to financial difficulties Raja could not pay any installment after firstinstallment and selling company took possession of the asset

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