In order to deal with the re possession the hire vendor operates an account called _______

Related MCQs

• In the books of hirer, for payment of installment hire vendor account will be ________
• In the books of hirer, for interest due at the end of the year 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 case of Hire-Purchase the total sum payable by the hire-purchaser as per terms in order to complete the transactions is
• The hire vendor takes away only a portion of the goods on which there is default of Installments it is called _________
• If the hire vendor may take away all the goods on which there is default of installment it is called____________
• The interest charged on the hire purchase should appear in the profit and loss account in what manner?
• Under hire purchase system the buyer is called _________
• Under hire purchase system, the retail price of the articles is called ________
• The advance amount under hire purchase system is called __________