Question: QUESTION 3 [ 2 0 MARKS ] Hossy Limited is a dealer in hospital machines, which it sells for cash or under a finance lease.
QUESTION MARKS Hossy Limited is a dealer in hospital machines, which it sells for cash or under a finance lease. Hossy Ltd sold only one hospital machine purchased on January for Rin The machine was sold under a finance lease cash price:Rterms of which were: Commencement date: January Lease period: years Lease payments: R annually in arrears, payable on December of each year. Implicit interest and market interest applicable are Required: Prepare Hossy Ltds journals for each of the years ended December to Using Gross method. Answer must be in decimal places
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