Choudhury Brothers commenced business on 1.7.2017. During the year ended 30.6.2018, purchases amounted to 1,08,000 and ordinary
Question:
Choudhury Brothers commenced business on 1.7.2017. During the year ended 30.6.2018, purchases amounted to ₹1,08,000 and ordinary sales to ₹1,24,000. In addition, the following sales were made under hire purchase arrangements----
Instalments on the refrigerator could not be kept up and it was retruned on 30.6.2018. Stock in trade at 30.6.2018, excluding the returned refrigerator, amounted to ₹14,000. Prepare the Hire Purchase Trading Account, Memorandum Hire Purchase Debtors Account and the General Trading Account for the year ended 30.6.2018.
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To prepare the Hire Purchase Trading Account Memorandum Hire Purchase Debtors Account and the General Trading Account for Choudhury Brothers for the y...View the full answer
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Related Book For 
Financial Accounting Volume II
ISBN: 9789387886230
4th Edition
Authors: Mohamed Hanif, Amitabha Mukherjee
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