In case of Hire-Purchase the total sum payable by the hire-purchaser as per terms in order to complete the transactions is

Related MCQs

• All the transactions measurable in the terms of money are recorded in accounts is according to
• If shares are bought back out of free reserves then a sum equal to nominal value of the shares so bought back is transferred to:
• The agreement among partners which set out the terms on which they had agreed to form a partnership is called:
• Value of goodwill agreed upon Rs. 30000 on C, S admission and allowing him ¼ share of total profit Goodwill is brought in cash, the amount of goodwill be as:
• Goodwill of the firm is valued Rs. 30000. C an incoming partner purchase ¼ share of total profit Goodwill be raised in the books.
• A is drawing Rs. 500 regularly on the 16th of every month, he will have to pay interest in a year on Rs. 6000 for the total period of @ given rate of interest):
• Maximum buy back limit in any year is ______ of total paid up equity capital and free reserves.
• In order to deal with the re possession the hire vendor operates an account called _______
• As per accrual concept, which of the followings is not true
• As per section 78 of the companies act, amount collected as premium on securities cannot be utilized for: