Hire Purchase - Partial Repossession ~ For B.Com / M.Com
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Explained the concept and procedure of partial repossession in Hire Purchase system.
Question Information:
On 01.01.2010 Chetali purchased from Deepali three machines costing Rs.2,00,000 each payable Rs.50,000 down and three annual installments of Rs.60,000 for each machine at the end of each year. The purchaser charges depreciation on machines @ 10% p.a. on written down value method.
Chetali could not pay second instalment and Deepali took possession of two machines. Value of the Machines repossessed was to be determined after charging 25% depreciation under straight line method. Deepali paid Rs.10,000 for repairs on repossessed machines and sold them for Rs.80,000 each.
Show the necessary accounts in the books of Both the parties.
Student can also watch following lectures related with the same topic :
1. Full Repossession in Hire Purchase :
• Full Repossession of G...
2. Mid Year Partial Repossession in Hire Purchase :
• Hire Purchase (Partial...
Students can download relevant study material from the below mentioned link for better understanding of the concepts...
Download Assignments: drive.google.com/drive/folder...
#HirePurchase #Repossession #Accounting
Пікірлер: 159
Sir Hats Off to you. No one was able to explain this concept to me so well. You covered everything which I felt to be complex and tough and I didnt even feel that I was learning the tough part, you made it so easy. THANKYOU VERY MUCH SIR
@nitishchaturvedi3876
2 жыл бұрын
Where can I find the playlist of Hire purchase
I'm dying to see more videos. Please upload more videos :; related to hire purchase. Thank you. I wanna be your pupil. You are a great teacher.
Sir , you are great teacher for accounting. Your experience is so best than others . I am regularly watching your videos for financial accounting
Thank you so much sir! I had doubts in two points but now they are crystal clear! 🤗
SIR ! THANK YOU VERY MUCH FOR EXPLAINING IN SUCH AN APPROACHABLE MANNER
On par with the best accounts professors in India! Big fan of yours sir !
Yeh sir insaan nahi MAHAMANAV h CA inter me joo sikh nahi paya, voh 20 min me vasool karva diya
thanku thanku thanku very much sir apko nhi pta apne mere pr kitna ehsaan kiya h sir me topic subh se kr rhi thi lekin nhi hua last me aapki video dikhi thanku so much
Thank you so much yr.... Ur teaching method is so good to understand 😍😘😘
Hello sir....watching this session solved my all queries regarding to this topic Thank a lot sir.....
Sir you're just awesome 🥰 Cleared my each n every doubt
Sir aapji bde ashe trike se smjhate hai👍👍🙏🙏
Sir you are superb 😇👏👏 Thank you sir ..
Awesome sir. Sir I use to watch your all video. Sir now I am in B. Com. Please make more video. Have a great day sir. Thanks alot
Thank you sir... I'm preparing for ca inter nov22 and your lectures are very helpful
Sir...i do really love yur brilliant way of teaching regarding..... this topic...however i couldn't get what u actually explain....so it would be convenient and profitable if only u could lectured us in english ...i believe it will also be convenient n profitable for students who hve problem in hindi.......lots of love from manipur student...
Thanks sir for the valuable lesson 🙏🙏🙏
Sir can you please make a video on Hire Purchase Trading Method along with their journal entries.. Sir please upload that🙏🙏
Thnqq so much sir for my concept clearance
Sir,You are The Best Teacher❤
Thank You so much sir for giving us this wonderful and informative video. Sir I have an doubt , if specifically mentioned in the question is Vendor and Purchaser followed that particular method for calculating depreciation like WDV and SLM methods. Or If any agreement between the purchaser and vendor , then how they calculate depreciation.
Maza a Gaya sir ap bahut acha padhate hai😍😍😍
extremely grateful sir
Thank you so much sir...
Thankyou very much sir 😊✨🙏🏻
Sir no one can teach better then you...
Sir you are the great teacher
Always only this topic related to repossession come in xam.. It's true✌
Thanku, thanku, thanku, thanku So much sir
You are amazing teacher
On 1^( st ) April 2010 Gopal purchased 4 cars from Telco Co.on hire-purchase system.The cash price of each car was Rs.2 00 000 .He was to pay 25% immediately and the balance in five yearly instalments together with interest at 10% p.a.Gopal depreciates the cars @20% p.a.on diminishing balance method. After paying the two instalments Gopal could not pay the third instalment and seller took possession of 3 cars at an agreed value to be calculated after deducting 25% from the amount paid by Gopal against these 3 cars. Seller after spending Rs.12 500 on repairing sold away all the three cars for Rs. 2 80 000 . Prepare necessary ledger accounts in the books of both the parties.Books are closed on 31^( st ) March every year.
Sir u r not explaining every topics.. Plzz explain the whole chpter and whole chpter solution also.. Because u r the best i am able to understand after seeing ur videos so plzz.. My exams are very near
Thank You Sir 😊
Sir aap please department ka video banaye
Thank you so much sir .
Thank you so much sir
sir your voice is so sweet
Sir agar vendor debtors pe provision for doubtful debts maintain karta h to ledger accounts mei kya farak padega
great teacher
Sir can u please upload a video for stock and debtors method.
Thanks sir ji
Thank you sir
Naresh Sir = less time more concepts.
sir plzzzz hire purchase part 2 ki video banaye ji
Thank u sir
Sir very very nice video make more videos
sir ek baar equally instell..wala kerao jisme cost price ka total equal hai hire pur...ke usme intr...kaise nikale table ke aacording
Thanks sir...
Sir technical name of journal particular & thanks for lecture
Hi sir thank you
I will wait sir to your reply
1.30 ma mera relative ka exam hai and I'm here to watch sir's video to recall my memory to help my relative. 😂 Btw thanks sir 👌
@annis1095
3 жыл бұрын
Same as kya tum apna insta I'd de sakti ho
@Sana_hidden
3 жыл бұрын
@@annis1095 can I ask you! Why?
@MohitKumar-kh4tc
2 жыл бұрын
@@Sana_hidden because he is single
@taj____
Жыл бұрын
@@MohitKumar-kh4tc lmao 🤣
Thank you sirr
Tysm sir☺
You explained it very well
Thanks sir
tq so much
Sir plz solve question no. 36 chapter- 4 admission of a partner
Does anyone can tell me that the interest in this question can be find with common difference
Sir aap konse book se study karate ho?
sir aagar seller kaa dep. percentage nahi dii hoo to kya karagaa
Hi Sir Plz solve this Problem for me... Raja purchased an asset under hire purchase system for 60,000 payments to be made 15,000 down and three installments of 18,000 each at the end of each year rate of interest is 10% P.a. Raja depreciates asset @ 10% p.a on diminishing balance method due to financial difficulties. Raja could not pay any installment after first installment and selling company took possession of the asset the selling company after spending 1,500 on repairs it sold away the asset for 38,000 prepare necessary ledger accounts in the books of both the panties ...??
Hire purchaser ki book mai hire price likhte h ya cash price
In mah view u r 💎 sir
Which book is being used by sir?? Mko qstn chahie! I don't have question... Can someone help??
Sir PLZZ uplod more videos to this cgapter
sir can u please upload more video of hire purchase
Sir tax ka video class ka kya price h
God bless u sir ..
Sir 's voice ☺️
Wow thanku sir. Concept is cleared...
Sir aap kon si book k questions krvate h?
jab instalment given na ho tab kya kare?
Thank you sir you explained really well
you must be upload pdf of solve Qsn .which is more benefited for us.
Nice videos
Hire purchase introducing video up load karo sir plzzz
Always first prfrnce....
I love u sir
💯
Sir aap kon si book se padhate ho pls IGNOU ki books se padho
Sir aapka Coaching kahan hai? Aap Acounts bahut achaa padhate h sir plz btaiye aapka Coaching kahan h mujhe admission krwana h, B.Com mei
There is no assignment of hire purchase in the link
sir hire purchase ka 1st lecture kha se h
Best explanation to the topic.... loved to learn from here
@anjalichand7523
5 жыл бұрын
Explanation is good
please make the board brighter
Sir plz upload more videos of chapters like inventory valuation and inland branches as Exams are coming up
Mr A purchased a machine from B on 1january 2001 on hire purchase system.cash price was 50000. The rate of interest is 10%p.a. hire purchase price is paid in 3 yearly installment in equal amount . The first installment paid in 31Dec. 2001 . Find the amount of installment and interest ?? Sir , please reply .....
@rajatbhamniya8155
5 жыл бұрын
Sir transfer of asset to third party se related questions krvao plg
Sir app calcutta university ka syllabus ka video karo
❤❤❤❤❤❤❤❤
Sir M.com Final year ka Har subject ka video send kijiye plz sir
Sir Good repossessed ke time pe 1 machine ka repossessed ho ga na. Ap uthar 2 machine ka repossessed kiya ku.
@rakhisarkar3115
3 жыл бұрын
Sir quick reply kar na. Problam ho ra he muje.
🥰
Sir aap ne joo abhi sum nikala oss question ke pic naii show ki aap plzz sum ki pic daal dijiyee🙏
@shrutitaneja8380
3 жыл бұрын
Description me h
Sir kya hire purchase ki sari videos available h youtube pe?
@vinitachandra6277
5 жыл бұрын
Han yeh batao
Sir ques toh dikha dia karoo
Is it enough from CA intermediate exam's point??
@CANareshAggarwal
6 жыл бұрын
No
Sir can u plzz upload more video on the ques based upon partial repossession
@ambivertlad
6 жыл бұрын
Hlw manvi
i wish you talked a language everyone can understand like english
Sir hire purch.. ka or video bnaiye
@sandhyakumari7211
4 жыл бұрын
Sir aap kha se ho . Or apki class kha chlti h