Accountancy, asked by krishnaap1111, 9 months ago

Entries for hire purchase accounting

Answers

Answered by Anonymous

Explanation:

Books of Hire-Vendor:

The hire-vendor treats the hire purchase sale like an ordinary sale. He debits the hire purchaser with the full cash price and credits the Sales Account. Interest is debited to the hire purchaser when instalments become due.

Answered by simran849

Answer:

The hire vendor treats the hire purchase sale like an ordinary sale . He debits the hire purchaser with the full cash prize and credits the sale account ..

Explanation:

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