-A--L

.> fu
 DATE
---- ;
PAGE

-----------1_:~~~~~~~~+~~===~~~31~~~~~~~~~====- ,
I

-.
I

·-.
---.
--.
j v
,

-
&
---
(tJ

--
 Q 7 PAGE
---- -
... , - - - - - - , - - - - - - - - - - - - - - - - - - - - -
--:-.::

c_

.'

: J

v•

' -L

.
\
If

-·
 --- -----
Guarantee by V;nd;. .;-t; th"; Pu'"i-- - :- - ___ _ _
Vend or may give tl1e following types of chasing Company
guarantees to the p has1ng · C
1. Guarantee of Realisation from Debt . V urc ompany :
• . endor
ors d .f. . may h 1
realiz ed from debt guara ntee t at ess than a particu}
amou nt will not be •
ors an d1 1t, 1s so happens, the defi1c1enc y
•
will be borne b
ar
the vendo r. Such defici ency is debited t 0 V
, en or s Guarantee Ne as follows : Y
Vend ors Guara ntee Ale 0
To Debto rs Ale r.
(Loss on Debto rs debite d to Vend or's Ale
as per their Guara ntee)
n th ·
2. Guarantee of Payment to Creditors : Vend or may guarantee that the purchaser will o ave to
• I will be
pay more than a part1cu ar amou nt to the creditors and if it so happens, the excess paid
s:
recov ered from the Vend or. Such exces s is debited to Vend or's Guarantee Ale as follow
Vend or's Guara ntee Ale Dr.
To Credi tors Ale
(Exce ss paym ent to Credi tors debite d to Vend or's Ale
as per their Guara ntee)
the purchase
3. Guarantee of Dividend : Vend or may guara ntee the purch asing comp any that after
it will not
of business for a certai n period, the purch asing comp any will earn so much profits that
have to declare dividend below a certai n perce ntage and if it so happens the purchasing
company
can recov er the deficit from Vendor.
Following entry is recor ded for defici ency of divid end :
Vend or's Guarantee Ale Dr.
To Divid end Ale
(Dividend charg ed from Vendors as per their Guara ntee)