IndigoLearn

Hire purchase

In the question it is mentioned that repossession was done on 1st January, 2017. Whether repossession entries to be made on 31st December, 2016 or 1st January, 2017(because they didn't pay the installment due on 31st December 2016)

Attachments

20200403_144228.jpg


Nivedha Balaji

Nivedha Balaji

CA Inter

5K+

04-Apr-20 12:22

33

Answers (3)

1st January.


Suraj Lakhotia

Suraj Lakhotia

Admin

04-Apr-20 20:51

But in similar question in study material, they have passed the entries on Dec.

Attachments

e9cd8ecd-1895-4fa5-b6a8-c0aad15d6f9f.jpg

d3178ba7-e2a5-4e8c-95ec-7d365f71f6f2.jpg


Nivedha Balaji

Nivedha Balaji

CA Inter

5K+

04-Apr-20 22:56

But in similar question in study material, they have passed the entries on Dec.

Its a mistake in the study material. But it has to be passed on 1st January only


ruchi lahoti

ruchi lahoti

Moderator

15-May-20 13:00