KCS purchased a machine from JPS on hire purchase system, whose cash price was `8,64,000. ` 2,16,000 being paid on delivery and balance in three annual instalments of `2,88,000 each. The amount of interest included in first installment would be
A) 72,000
B) 57,600
C) 1,08,000
D) 36,000
Correct Answer:
Verified
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A)on the liabilities side
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A)Real Account
B)Nominal
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A)the
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