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At the end of the lectures you will be able to:

  • Identify the hire purchase transactions.
  • Record the transaction in the journal of hire-purchaser and hire vendor.
  • Prepare necessary account for the ledger hire-purchaser and hire vendor.
  • Calculate cash price in a transaction of hire purchase with or without the annuity.
  • Solve the accounting problem of higher-purchase transactions in the books of accounts and maintained by 'Big Malls'.


Lesson Title Time  
Lecture 1 : Hire Purchase -1 N/A Watch Demo
Lecture 2 : Hire Purchase -2 N/A
Lecture 3 : Hire Purchase -3 N/A
Lecture 4 : Hire Purchase -4 N/A
Lecture 5 : Hire Purchase -5 N/A
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Published    02-Mar-2017      Bilingual

Hire Purchase is the most secured and effecting tool of collecting the proceeds of a credit sale. As now a days books are maintained in a double entry system by all big houses and multinationals. Sale is the key factor for the success of the business as profit of an organisation depends on its volume of sales. A big business house can effect sales on cash basis as well as on credit basis and that's how credit sale becomes the essential for growth of the system.  
hire purchase accounting lecture
hire purchase accounting ipcc
hire purchase ipcc

Karan Arora

Phone: 98********38 Email: kar********@gmail.com
Address: Institute:

About Us

Mr. Karan Arora is an Accounting faculty in the Science Guru Academy. He also works as a guest teacher in New Holy Public School, Delhi. He successfully runs an institute by the name of Toppers Academy, Uttam Nagar with expertise in Accounting.


Qualification

B.Com, MBA




STUDY KHAZANA is an e-treasure of knowledge and education with one aim of upbringing the level of education all over the India. In the journey of more than 25 years with 150 centers across the India we discovered that many student are out of the reach of proper education due to poverty.

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