I think 'Accounting for Hirepurchase agreement of smaller value' is one of the confusing part of Paper 1 of IPCC. it will be helpful to more IPCC students if anyone in CCI explain this area to solve problem in the context of examination.
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Accounting for Hirepurchase agreement of smaller value
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please refer this link
https://azzeeweb.gateway2all.co.in/ipcc/accounts/HIRE%20PURCHASE%20AND%20INSTALLMENT%20SALE%20TRANSACTIONS.pdf
thanks vinit sir for sharing
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