Question

what journal entries are made in the books of hire purchaser​

Answer 1

Answer:

books of hire vendor are entries

Answer 2

Answer:

Journal Entries In The Books Of Hire Purchaser

For the purchase of asset: First Method. ...

For the payment made for 'down payment' ...

For installment due. ...

For the payment of installment (both method) ...

For charging depreciation( on the basis of cash value) (both methods) ...

For transfer of interest and depreciation(both methods)

Explanation: