Algebra Deadline 02.12.20, 04 45
On 1st Apnl 2016, Chaudhary Harpal Singh purchased a Tractor of the
cash price of Rs 2.20 000 on hire purchase system from Escortslid De
20.000 were paidammediately and
the balance in 4 annual installments of
Rs 50 000
sach will terest at 8% per annum. The depreciation is to be
chared at 10%pa on ten down value method Harpal Singh paid 2
installments and failed to pay the third installment. Escorts Ltd took away
the tractor by paying him Rs. 90,000 in cash Make necessary ledger
accounts in the books of Harpal Singh Books are closed on 31st March
every year