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39. A firm purchases a lease of 3 years for Rs. 60,000 on 1.4.2004. it decides to provide for its replacement by means of an insurance policy for Rs. 60,000. The annual premium is Rs. 19,000. On 1.4.2006, the lease is renewed for a further period of 3 years for Rs. 60,000. You are required to show necessary ledger accounts.
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54. Goti maintains single entry system of accounting. He had Rs. 3 Lakh on 1 January 2006 following is the details of accounts that he had 31/3/7 1/4/6 3000 5000 Creditors 2000 1000 Debtors 29000 19000 Stock 3000 2000 Cash in hand
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82. Goti purchases Ito Ltd. For Rs. 250000 and pays in 20000 shares of Rs. 10 + cash. Show the entries?