a farm machinery limited sale different farm machines . on 1st january 2015. it sold a generator
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Question:
a farm machinery limited sale different farm machines . on 1st january 2015. it sold a generator to nemwel nyamwaro on hire purchase agreement made on a downpayment of 75000. the 165 equal installnments was agreed on monthly basis of 8950 and the cash price of the generator was 186000. the company recognises on hire purchase in the period of sale and deffering the interest earning on time basis. the company closes the book o 31st december. find the hire purchase generator sales account?
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