CEE Ltd. has a hire purchase department. Goods are sold on hire purchase at cost plus 40%.
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CEE Ltd. has a hire purchase department. Goods are sold on hire purchase at cost plus 40%. From the information given below, prepare Hire Purchase Trading Account in the books of CEE Ltd :
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1.7.2017 Goods out on H.P. (at H.P. price) During the year ended 30th June, 2018: Goods sold on H.P. (at H.P. price) Cash received Goods received back valued at (hire purchase instalments unpaid. 2,800) 30.6.2018 Goods with H.P. Customers (at H.P. price) 21,000 1.05,000 70,000 800 45,500
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Related Book For
Financial Accounting Volume II
ISBN: 9789387886230
4th Edition
Authors: Mohamed Hanif, Amitabha Mukherjee
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