The amount of interest is credited by the buyer to ________
A) hire purchase account
B) hire vendor account
C) interest account
D) cash account
Correct Answer:
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Q7: The depreciation on an asset purchased through
Q8: The interest charged on the hire purchase
Q9: Ownership of goods under hire purchase agreement
Q10: Which of the following does not give
Q11: The act of buying an asset without
Q13: The depreciation in the books of buyer
Q14: Hirer charges depreciation on:
A)hire purchase price
B)cash price
C)lower
Q15: What is transferred to Hirer under hire
Q16: The Sale of Goods Act is applicable
Q17: Under which system, ownership is transferred on
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