Method for a protection arrangement

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A firm buys a lease for 3 for quite a long time for Rs. 60,000 on 1.4.2008. It chooses to accommodate its substitution by method for a protection arrangement for Rs. 60,000. The yearly premium is Rs. 19,000. On 1.4.2010, the lease is restored for a further time of 3 years for Rs. 60,000. You are obliged to show fundamental record accounts. 

Books are shut on 31st March consistently.

Reference no: EM13904495

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The annuity table demonstrate : The annuity table demonstrates that yearly sum important to discount Re. 1 in 5 years at 14% is Rs. 0.291284. Demonstrate the lease represent 5 years. Computations to be made to the closest rupee.
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Make sense of the inexact interest rate advertised : A fund organization offers to give Rs20000 following 14 years consequently for Rs.5,000 saved today. Utilizing the tenet of 69, make sense of the inexact interest rate advertised.
Method for a protection arrangement : A firm buys a lease for 3 for quite a long time for Rs. 60,000 on 1.4.2008. It chooses to accommodate its substitution by method for a protection arrangement for Rs. 60,000.
How long (generally) will this sum develop to rs.1,92,000 : how long (generally) will this sum develop to Rs.1,92,000 ? Work this issue utilizing the standard of 72–do not utilize table.
The vital record accounts : Sinking store tables demonstrate that Re. 0.2092 contributed every year will deliver Re. 1 toward the end of 4 years at 12%.Demonstrate the vital record accounts in the books of Glory Ltd. for every one of the years.
Figure the worth 3 years henceforth of a store : Figure the worth 3 years henceforth of a store of Rs.5,800 made today if the hobby rate is (a) 12 percent, (b)14 percent, (c) 15 percent, and (d) 16 percent.
Sinking store tables demonstrate : Sinking store tables demonstrates that Re. 0.296349 contributed every year will create Re.1 toward the end of 3 years at 12% for every annum. The ventures are sold for Rs. 28,500.

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