Question

Sanjay purchased a motor car from M Ltd under hire purchase system,the payments were as follows Rs.40000 on delivery,Rs76000 at the end of first year,Rs60000 at the end of the second year Rs.55000 at the end of the third year,intrest at 10% p.a.is included in installments,sanjay charged depreciation at 20% p.a. on diminishing balance method prepare ledgers account in the books of Sanjay

Answer 1

Answer:

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