Motor Vehicle ABC XXXX cost = RM 238,446.00
Insurance = RM 7,842.35
Loan from Bank = RM 200,000
Loan from Director = RM 41,288.75
Deposit = RM 5,000
Hire Purchase Interest Suspense = RM 32,480.00
1) To Record Deposit Paid
| ||
Dr. Deposit Paid (Current Assets)
|
RM 5,000.00
| |
Cr. Bank (Current Assets)
|
RM 5,000.00
| |
2) To Update Hire Purchase of Motor Vehicle
| ||
Dr. Motor Vehicle – ABC XXXX (Fixed Asset)
|
RM 238,446.40
| |
Dr. Road Tax & Insurance (Expenses)
|
RM 7,842.35
| |
Cr. Deposit Paid (Current Assets)
|
RM 5,000.00
| |
Cr. Amount Owing to Director (Current Liabity)
|
RM 41,288.75
| |
Cr. Hire Purchase – ABC XXXX (Current Liability)
|
RM 200,000.00
| |
3) To Updated Hire Purchase Interest in Suspense
| ||
Dr. HP Interest in Suspense - ABC XXXX (Negative Current Liability)
|
RM 32,480.00
| |
Cr. Hire Purchase – ABC XXXX (Current Liability)
|
RM 32,480.00
| |
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Bibliography
Million System. (n.d). How to Record Hire Purchase Motor Vehicle? Retrieved from
http://www.millionsystem.com.my/article.php?id=41
How to Record Hire Purchase Motor Vehicle ?
Reviewed by 浪子
on
August 26, 2018
Rating:
Reviewed by 浪子
on
August 26, 2018
Rating:
