the books of hirer, for interest due at the end of the year hire vendor account will be
Answer (1)
4th Jan, 2021
Hello Nikhil,
This is one of the most common query students come across while studying hire purchase concept as it deals with formation of books of accounts for hirer and hire vendor.
So in this question if you are preparing books for the hirer then for the interest due at the end of the year, the hire vendor's account will be Credited.
Hope it helps.
Good Luck!
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