From the following particulars, prepare H.P. Trading Account for the year ended Dec 31, 2009 in the Books of K V Ltd which sells goods of comparatively small value on H.P. basis adding 331/3 % to the cost of goods to fix hire purchase price:
|
Rs |
|
|
Hire Purchase Stock with customers as on Jan 1, 2009 |
42,100 |
|
Installments Due as on Jan 1, 2009 |
1,200 |
|
Goods sold on H.P. basis : |
3,16,400 |
|
Hire Purchase Stock with customers as on Dec 31, 2009 |
38,000 |
|
Installments Due on Dec 31, 2009 |
1,700 |