In which of the following method of sales, if the purchaser can't pay the amount of instalment, the vendor can get the assets as return back ?
A) Cash Method
B) Sales or Return based sale
C) Instalment system
D) Hire purchase system
Correct Answer:
Verified
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
Q14: Under hire-purchase system the amount of interest
Q15: At the end of the year, the
Q17: By deducting cash price from the contract
Q18: Which of the following is not included
Q19: In case of Hire purchase system, Interest
Q20: Under the Hire purchase system, goods are
Q21: Interest is calculated on_ under hire purchase agreement.
A)Cash
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