Frontech Ltd., acquired machinery on hire purchase system. The ollows: of the machine was Rs. 3,00,000. on signing the agreement ce by annual instalments of Rs. 80,000 plus interest. hargeable on outstanding balance was 6% is to be written off at 12% on straight line method. tries in the books of Frontech Ltd, the books are closed on 31 De Rs. 1,20,000 p.a.
Frontech Ltd., acquired machinery on hire purchase system. The ollows: of the machine was Rs. 3,00,000. on signing the agreement ce by annual instalments of Rs. 80,000 plus interest. hargeable on outstanding balance was 6% is to be written off at 12% on straight line method. tries in the books of Frontech Ltd, the books are closed on 31 De Rs. 1,20,000 p.a.
Chapter1: Financial Statements And Business Decisions
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Transcribed Image Text:Frontech Ltd., acquired machinery on hire purchase system. The
follows:
of the machine was Rs. 3,00,000.
on signing the agreement
ce by annual instalments of Rs. 80,000 plus interest.
argeable on outstanding balance was 6% p.a.
a is to be written off at 12% on straight line method.
tries in the books of Frontech Ltd, the books are closed on 31st De
Rs. 1,20,000
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