a person took Rs. 100000 for 5 years at the rate of 10%.He
deposits rs. 10000 in first and second year.Third year he
deposits rs 30000, forth year deposits rs 40000. Then final
year how much he should deposit?
Answer Posted / sajeev
Final year he has to deposit Rs.52,800 to complete his loan.
| Is This Answer Correct ? | 5 Yes | 1 No |
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Types of errors in account
Mr. A purchased a machinery costing Rs. 1,00,000 on 1st October, 2005. Transportation and installation charges were incurred amounting Rs. 10,000 and Rs. 4,000 respectively. Dismantling charges of the old machine in place of which new machine was purchased amounted Rs. 10,000. Market value of the machine was estimated at Rs. 1,20,000 on 31st March 2006. While finalising the annual accounts, A values the machinery at Rs. 1,20,000 in his books. Which of the following concepts was violated by A? (a) Cost concept (b) Matching concept (c) Realisation concept (d) Periodicity concept.
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Wipro Limited
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