In case of Hire purchases, the depreciation is calculated on -
A) Hire purchase price
B) Contract Price
C) Cash price
D) None of these
Correct Answer:
Verified
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
Q20: Under the Hire purchase system, goods are
Q21: Interest is calculated on_ under hire purchase agreement.
A)Cash
Q22: Under the Hire purchase system, ownership of
Q24: The main difference between sale under Hire
Q25: In pure single entry
A)Purchase and sales book
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