Under hire purchase do we need to solve sums relating to the following :
1) Trading and P&L accounts using Profit and Loss Suspense method ?
2) Sums involving Realised and Unrealised GP calculations ?
3) Conversion of lease agreeements into Hire purchase agreements ?
Please help. thanks.
But really why do you wish to differentiate between these and the other sums you have mentioned? Shouldnot you just try to grasp as many topics and practice them all for your exams. If not your exams, then this practice will definitely help in your career. Even if you do not have time, there are ways to logically understand a topic and get by with a little less practice, but in any case just go ahead and tackle these problems as well. All the best.
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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