2. On Ist January 2011, “A Ltd." purchased a machine from "B Ltd” on hire purchase system. The cash price of the machine was Rs. 59,600 and the payment was to be madeas follows; Rs. 16,000 was to be paid on the agreement and the balance in threeinstallments of Rs. 16,000 each at the end of each year. 5% interest per annum is charged.The buyer has decided to write off 10% annually on diminishing balance of cash value.Prepare necessary ledger accounts in the books of the hire vendor.

2. On Ist January 2011, “A Ltd." purchased a machine from "B Ltd”

1.	2. On Ist January 2011, “A Ltd." purchased a machine from "B Ltd” on hire purchase system. The cash price of the machine was Rs. 59,600 and the payment was to be madeas follows; Rs. 16,000 was to be paid on the agreement and the balance in threeinstallments of Rs. 16,000 each at the end of each year. 5% interest per annum is charged.The buyer has decided to write off 10% annually on diminishing balance of cash value.Prepare necessary ledger accounts in the books of the hire vendor.
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Tois question based GISTBasie Prodquet? Gust Sales SupplyАB 2200150800118.00 to 20018.001 300 Intre statoI istrustile12.00 lo1120 Istrestaleb.Tabb Trade Details (sales and purchaseJitems opening stat I purchased sold closingo0104803oa) find out belowgiveoQuestionsCGST ,SGST , LGST final balance?1. use different lable for saleand purchas drade.Neft profit from the trade?closing stock valuations ?

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