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ACCOUNTING FOR HIRE PURCHASE FINANCIAL ACCOUNTING B.Com Pass 1st Year(Package of 5 lectures)

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Section 1 : ACCOUNTING FOR HIRE PURCHASE

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'.


Course Lessons

Lesson Title Time  
Lecture 1 : Hire Purchase -1 N/A
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

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

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