In the books of hirer, for interest due at the end of the year hire vendor account will be _______

Related MCQs

• In the books of hirer, for payment of installment hire vendor account will be ________
• 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 the books of Hirer, the interest and depreciation account will be transferred to ______.
• In order to deal with the re possession the hire vendor operates an account called _______
• What is transferred to Hirer under hire purchase system:
• If the hire vendor may take away all the goods on which there is default of installment it is called____________
• The hire vendor takes away only a portion of the goods on which there is default of Installments it is called _________
• In case of Hire-Purchase the total sum payable by the hire-purchaser as per terms in order to complete the transactions is
• The interest charged on the hire purchase should appear in the profit and loss account in what manner?
• Under hire purchase system, interest is calculated on _______