Question

the instalments stated above.
yr. * 1,298.84, III yr. 71,063.79, IV yr. * 816.97, Vyr. 557.82, VI yr. *285.71.
13. Chatterjee and Company had purchased a machinery on Hire Purchase System from K. Bose and Company
The terms are that they would pay 10,000 down on signing of the agreement and six annual instalments of
Method and they charged depreciation on this machinery in the same way. At the end of eight years of service,
on similar machineries in the first year and @10% per annum for subsequent years under Diminishing Balance
that K. Bose and Company had charged interest @ 5% per annum in their hire-purchase contract included in
the machinery was sold for 12,000 cash. Show the Machinery Account for these eight years of life assuming
Ans. Cash Price 40,454.16, Loss on Sale of Machinery in the eighth year, 3,479.28, Int. I yr. * 1,522.71, 1​

Answer 1

Answer:

the reverse installment

Explanation:

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