Question

X parchase a car from y costing 150000 on hire purchase a payment was to be made rs.30000 down and remaining in three equal annual installment together with interest of 5%p.a . X provide depreciation at 20%p.a on diminished value method . X paid the first installment at the end of 1st year but couldn't pay the next. Y took position of the car. He spends Rs.5800 on the car and sold it for 80000 . show necessary ledger account on the books of both the parties.​

Answer 1

Answer:

Substitution reaction, any of a class of chemical reactions in which an atom, ion, or group of atoms or ions in a molecule is replaced by another atom, ion, or group.

Explanation:

DYNAMITE