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Q. Why opening statement of affairs is prepared?

Q. Total amount payable less its cash price is equal to -

Q. Total amount payable less its cash price is equal to -

Q. Which account is to be prepared to find out sales on credit?

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. According to hire purchase agreement Rs. 25000 is the down payment and Rs. 90000 is the total amount of three equal instalments inclusive of interest Rs. 15000. How much would be the cash price of the asset ?

Q. In which of the following method of sales, if the purchaser can't pay the amount of instalment, the vendor can get the assets as return back ?

Q. The Closing stock of investment is valued -

Q. Interest is calculated on under hire purchase agreement.

Q. Cum interest price of security is than ex- interest price.