Interest is calculated on____________ under hire purchase agreement.
A) Cash Price
B) Hire purchase price
C) Balance of cash price outstanding at the beginning of instalment
D) None of these
Correct Answer:
Verified
Q9: Why opening statement of affairs is prepared?
A)To
Q10: Total amount payable less its cash price
Q11: Dipti has purchased one Machine on hire
Q12: At the end of the year, the
Q13: Paid Rs. 7000 at the time of
Q15: In case of Hire purchase, the depreciation
Q16: According to hire purchase agreement Rs. 25000
Q17: Fire insurance Provides cover for -
A)Tangible Assets
B)Intangible
Q18: The Average Clause in a loss of
Q19: Consequential loss policy indemnifies -
A)Capital Losses
B)Revenue Losses
C)Budgeted
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