Show the relevant accounts in the books of X assuming that his books are closed in June every year and depreciation @ 20% is charged on trucks.

X purchased seven trucks on hire-purchase on 1.7.2014. The cash purchase price of each truck was ~ 50,000. He was to pay 20% of the cash purchase price at the time of delivery and the balance in five half-yearly instalments starting from 31.12.2014 with interest @ 5% p.a.

 

On X’s failure to pay the instalment due on 30.6.2015 it was agreed that X would return three trucks to the vendor and the remaining four would be retained by him. The vendor agreed to allow him a credit for the amount paid against these three trucks less 25%. Show the relevant accounts in the books of X assuming that his books are closed in June every year and depreciation @ 20% is charged on trucks.

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Write a program that reads the name of an element from the user and uses a recursive function to find the longest sequence of elements that begins with that value

Some people like to play a game that constructs a sequence of chemical elements where each element in the sequence begins with the last letter of its predecessor. For example,….

What is the correct charge to the income statement for bad debts and bad debt provisions for the years to 31 December 20X1?

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Which of the following is an adjusting event?

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