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This article deals the Accounting treatment of Hire Purchase Agreement of Purchaser: In the Purchaser’s Books Goods on hire purchase are treated as Assets upon receipt. The cash price is recorded as Cost of Assets re:Fixed Assets and The interests on hire purchase are charge to the Profit &Loss account as revenue [...] |  FCCA,CA(MIA)with more than 26 years of post-qualifying working experiences. Previous working stints with one of the big accounting four,Regional GFC & Group Treasurer in a group of Malaysian and Group CFO in Singapore public listed concern.Also author to another very popular free educational accounting cum finance blog:http://basiccollegeaccounting.com under the branding of College Accounting Coach. | |||||
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