Under hire purchase system depreciation is charged:
A) on cash price
B) hire purchase price
C) market price
D) none of these
Correct Answer:
Verified
Q40: Branch account under stock and debtors system
Q41: When branch A sent goods to branch
Q42: Goods sent by the head office to
Q43: When a branch purchases fixed assets and
Q44: Depreciation on branch assets under debtors system
Q45: Stock reserve in relation to closing stock
Q46: Branch adjustment account is in the nature
Q47: Cash remitted by branch but not received
Q48: Goods sent by branch X to branch
Q50: Hirer charges depreciation on
A)hire purchase price
B)cash price
C)lower
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents