According to hire purchase agreement Rs. 25000 is the down payment and Rs. 90000 is the total amount of three equal instalments inclusive of interest Rs. 15000. How much would be the cash price of the asset ?
A) Rs. 90000
B) Rs. 100000
C) Rs. 115000
D) Rs. 130000
Correct Answer:
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Q11: Dipti has purchased one Machine on hire
Q12: At the end of the year, the
Q13: Paid Rs. 7000 at the time of
Q14: Interest is calculated on_ under hire purchase agreement.
A)Cash
Q15: In case of Hire purchase, the depreciation
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
Q20: Stock of goods destroyed by Fire Rs.
Q21: If indemnity period is six months, Standard
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