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Hire purchase interest are apportioned based on the reducing balance method (part 1) and on Straight line basis(part 2). This final part 3 looks at another commonly used method to apportion hire purchase interest namely the Sum of digit method of Rule of 78 [...] |  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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