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
lakshay (ipcc) (581 Points)
12 March 2011in 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
Ruchika khetan
(CA final (Article))
(27 Points)
Replied 13 March 2011
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...
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
CAclubindia
