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Q. Under the Hire purchase system, ownership of goods is transferred to the hirer when -

Q. Generally, depreciation on fixed assets is calculated on which balance?

Q. 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.

Q. The Closing stock of investment is valued -

Q. Opening stock Rs. 25000, Purchases Rs. 125000, Sales Rs. 150000, Goods salvaged Rrs. 10000 and Gross Profit is 50% on cost, then the cost of the goods burnt by fire is -

Q. Under hire-purchase system the amount of interest is charged to Account

Q. Stock of goods destroyed by Fire Rs. 10000 Stock of goods salvaged Rs. 2000, Value of insurance policy Rs. 9000. There is an average clause in the policy, Then the Amount of claim is -

Q. Effect of dishonour of B/R is given

Q. While selling securities, brokerage is generally calculated on following price-

Q. Cash price of asset + Interest = price