Ownership of goods under hire purchase agreement is transferred at the time of:

Related MCQs

• When an asset is acquired on hire purchase system, the asset account is debited with _______ of the assets in the books of the hire purchaser.
• In case of Hire-Purchase the total sum payable by the hire-purchaser as per terms in order to complete the transactions is
• What is transferred to Hirer under hire purchase system:
• ________ is the initial payment made at the time of signing the hire purchase agreement
• Under hire purchase system, the agreement can be _________
• Nature of hire purchase agreement is __________.
• Which of the following does not give a difference between a hire purchase and a normal purchase?
• Under which system, ownership is transferred on payment of final installment
• Under hire purchase system the buyer is called _________
• Under hire purchase system who has the right of sell __________