Which of the following does not give a difference between a hire purchase and a normal purchase?
A)timing of payment for asset
B)legal ownership of asset
C)quality of asset purchased
D)total cost of asset.

Question

Quizplus · Accepted Answer

The quality of the asset purchased is not a factor that differentiates a hire purchase from a normal purchase. Both hire purchase and normal purchase can involve assets of the same quality; the key differences lie in the timing of payments, legal ownership, and potentially the total cost.

Which of the Following Does Not Give a Difference Between