Ram ltd. Purchased a Tempo on hire purchase system from Bajaj Ltd. On 1st January 2011. Rs. 15,000/- being paid on signing and annually for 3 years. The cash price of tempo was Rs. 56,000/- Interest charged at 5% p.a.,Depreciation was written off at the rate of 20% on reducing balance system. Ram Ltd. Closed its books of account on 31st Dec. each year. Give necessary Journal Entries and Prepare necessary Ledger Account in the books of both the parties.
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A seedling is a young sporophyte developing out of a plant embryo from a seed. Seedling development starts with germination of the seed. A typical young seedling consists of three main parts: the radicle, the hypocotyl, and the cotyledons. a strong building that is used for military defence
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Alternatively, the present value at 15% per annum of one rupee received annually at the end of four years is Rs 2-85498. Thus, the present value of Rs 50,000 is Rs 50,000 x 2-85498 = Rs 1,42,749. To this, we add down payment of Rs 50,000. Therefore, the cash price is Rs 1,42,749 + Rs 50,000 = Rs 1,92,749.
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