Hire purchase and installments..

Accountancy

How do got the amt of bank in delhi motors a/c

Sandhya K

CA Inter

★ 5

07-Apr-21 21:08

721

Answers (2)

Best Answer

Tq u sir :)

Thread Starter

Sandhya K

CA Inter

★ 5

08-Apr-21 22:00

Cost of 3 Tempos - â?¹1.5L Down payment - â?¹30k Remaining amount - â?¹1.2L to be paid in 3 installments of â?¹40k each + interest @9%. While paying first instalment, interest would be 9% on â?¹1.2L i.e. â?¹10,800. So, Bank amount - â?¹50,800 (40k + 10,800)

Sahibdeep Singh

CA Inter

★ 14K+

08-Apr-21 10:50