The following are the particulars from the Books of Amar & Co who sells goods of small value on hire purchase basis at 50% profit on cost. Prepare Hire-Purchase Trading Account for the year ending on Dec 31, 2009.

Jan 1, 2009

Rs

Dec 31, 2009

Rs

Stock with the customers

54,000

?

Stock in the shop

1,08,000

1,23,000

Installment Due

30,000

54,000

Goods repossessed (Installments Due Rs 16,000) valued at Rs 3,000 which had been included in the stock at the end at Rs 3,000. Cash received from customers Rs 3,60,000 Purchases Rs 3,60,000.