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19. Mr. Ashish purchased a Motor Bike on hire purchase system on 1.4.2018. Total cash price of Motor Bike was Rs 63,920 payable Rs 15,920
19. Mr. Ashish purchased a Motor Bike on hire purchase system on 1.4.2018. Total cash price of Motor Bike was Rs 63,920 payable Rs 15,920 and the installments of Rs 16,000 cach year plus interest at 5% payable at the end of the year. Depreciation is to be charged at 10% P.A. on straight line method. Prepare the necessary ledger accounts in the books of Mr.Ashish under Asset Accrual Method. spright ne muthed der Hire
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