Under the Hire purchase system, ownership of goods is transferred to the hirer when -

Related MCQs

• Under the Hire purchase system, goods are delivered to the hirer when -
• The main difference between sale under Hire purchase agreement and sales under Installment system is regarding
• Under hire-purchase system the amount of interest is charged to                 Account
• 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-
• Which of the following is not included in the hire purchase agreement ?
• 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.
• In case of Hire purchase, the depreciation is calculated on -
• 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 ?