in hire purchase how will we deal it?
Goods repossessed (instalments not due Rs. 36,000) 9,000
while preparing hire purchase stock ac we will credit goods repoossed ac by which amt? 36000 or 9000?
is 9000 the markey value
pls help
Menu
hire purchase small doubt
Replies (1)
hire purchase stock a/c will be credited by Rs.36000
when goods are repossessed, entry passed for the amt for which installment is not due is-
hp debtors a/c dr
to hp stock a/c
and yes, Rs.9000 is the market value given...
Recent Topics :
- Is there any faculty taking chapterwise test in CA
- Late Fees and Interest
- HDFC Bank’s Bureaucracy: The Nightmare of Fl
- Running a CSC Center, Maha E-Seva Kendra, Setu Ken
- GSTR-9 Table 8A issue
- CA Inter Coaching institutes at Hyderabad
- Looking for practising CA
- TDS return filing
- Need formats of FS as per Co act 2013 in soft copy
- Remittance to italy
Related Topics :
CAclubindia
