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Q. In case of Hire purchase, the depreciation is calculated on -

Q. The Average Clause in a loss of profit policy prortects the -

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. 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. Bad Debt Return is to be credited to which account?

Q. In case of ex-interest transaction, the amount of interest is calculated for the following period.

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

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 -