Under which system, ownership is transferred on payment of final installment
A) installment system
B) credit system
C) hire purchase system
D) cash system
Correct Answer:
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Q12: The amount of interest is credited by
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
Q18: Under hire purchase system the buyer is
Q19: Under hire purchase system who has the
Q20: Under hire purchase system, the agreement can
Q21: Installment system is governed by _
A)hire purchase
Q22: Under hire purchase system, the retail price
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