Under hire-purchase system the amount of interest is charged to                 Account

Related MCQs

• At the end of the year, the interest paid and depreciation charged are transferred to the account
• At the end of the year, the interest paid and depreciation charged are transferred to the                  account
• In case of ex-interest transaction, the amount of interest is calculated for the following period.
• Cum interest price of security is               than ex- interest price.
• According to hire purchase agreement Rs. 25000 is the down payment and Rs. 90000 is the total amount of three equal instalments inclusive of interest Rs. 15000. How much would be the cash price of the asset ?
• Dipti has purchased one Machine on hire purchase agreement. The cash price of machine is Rs. 90000. The amount is to be paid on agreement Rs. 30000 and balance amount is paid by three equal annula instalments of Rs. 30000 each. Find out the intrest of third year.
• The main difference between sale under Hire purchase agreement and sales under Installment system is regarding
• Interest is calculated on                 under hire purchase agreement.
• Interest is calculated on                 under hire purchase agreement.
• In case of Hire purchase system, Interest is not included in-