A/c entries for hire purchase flat

Anil Kumar (Proprietor) (107 Points)

13 February 2015  

A/c Entries for Leasehold Residential Flat alloted from Govt. Authority on hire-purchase basis:

Cost of the Flat  18,95,000

Allotment Money Deposited 5,68,000

Balance 13,26,500 Payable in 8 half yearly instalments

Total Interest Payable on 8 year instalments 6,76,516

Thanks