Under hire-purchase system the amount of interest is charged to____________ Account
A) Asset
B) Purchaser
C) Profit and Loss
D) Seller
Correct Answer:
Verified
Q9: Cum interest price of security is_than ex-
Q10: The Capital Value of Investments in case
Q11: Cost of Investment does not include
A)Interset
B)Brokerage
C)Stamp Duty
D)None
Q12: Total amount payable less its cash price
Q13: Cash price of asset + Interest =_price
A)Contract
B)Market
C)After
Q15: At the end of the year, the
Q16: In which of the following method of
Q17: By deducting cash price from the contract
Q18: Which of the following is not included
Q19: In case of Hire purchase system, Interest
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