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Question: Attractive Purchases Ltd. started to sell goods on H.P. terms in 1961 and made the following sales:

307_Sale.png

The first instalment was due one month after the date of the contract: all instalments were paid when due Prepare the Hire Purchase Trading Account for the two years.

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M92345473
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