At the end of the year, the interest paid and depreciation charged are transferred to the account

Related MCQs

• At the end of the year, the interest paid and depreciation charged are transferred to the                  account
• Under hire-purchase system the amount of interest is charged to                 Account
• Dipti has purchased one Machine on hire purchase agreement. The cash price of machine is Rs. 90000. The amount is to be paid on agreement Rs. 30000 and balance amount is paid by three equal annula instalments of Rs. 30000 each. Find out the intrest of third year.
• Paid Rs. 7000 at the time of contract. Four annula instalments were paid respectively Rs. 7800 , Rs. 6200, Rs. 4700, Rs. 3300. Rate of intrest is 10% Find cash price.
• In case of ex-interest transaction, the amount of interest is calculated for the following period.
• Cum interest price of security is               than ex- interest price.
• In case of Hire purchases, the depreciation is calculated on -
• Generally, depreciation on fixed assets is calculated on which balance?
• In case of Hire purchase, the depreciation is calculated on -
• Under the Hire purchase system, ownership of goods is transferred to the hirer when -