In hire purchase, till the payment of last instalment, amount paid by hirer is treated as

Related MCQs

• In hire purchase depreciation can be claimed by the
• Hire Purchase Act passed in the year
• ............... supplies machinery to small scale industries under hire purchase system.
• In India, Banks are permitted to carry on Hire purchase business
• In hire purchase, who can be enjoying salvage value of asset?
• In India, banks cannot do hire purchase business without the permission of
• The features of hire purchase:
• Equipment lease transaction is treated as contract of............
• The entire lease rental is treated as........ in the books of lessor
• ............ fund are used to purchase units of other Mutual funds.