PVR Ltd sells product on hire purchase terms, the price being cost plus 33?% and provides you the following particulars for the year ended Mar 31, 2009:
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Apr 1, 2008 |
Mar 31,2009 |
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|
Rs |
Rs |
|
|
Stock out on Hire |
2,00,000 |
2,30,000 |
|
Stock out shop |
25,000 |
35,000 |
|
Installments due but customers still paying |
15,000 |
25,000 |
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Prepare Hire Purchase Trading Account |
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If Goods sold on hire purchases amounted to Rs 4,00,000 |
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If Goods purchased during the year amounted to Rs 4,00,000 |
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