advanced accounting
This query is : Resolved
23 October 2009
in a problem of hire purchase an asset was sold&the mode of payment is 20 monthly inst.after down payment.in the year of sale only 8 inst.was received.so h/p.debtors should be 4inst.but in solution they takes 12 inst.is that correct?
29 October 2009
No ,
only the installment due is consider as HP DEBTOR,
undue installment is the part of HP STOCK(AFTER EXCLUDING PROFIT)
only the installment due is consider as HP DEBTOR,
undue installment is the part of HP STOCK(AFTER EXCLUDING PROFIT)
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