Multiple Choice
The act of buying an asset without having to make full payment in the immediate future is known as:
A) hire purchase
B) finance lease
C) operating lease
D) sale and leaseback
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q1: On the balance sheet of a company,
Q2: The interest charged on the hire purchase
Q4: Installment system is governed by _<br>A)hire purchase
Q5: Under hire purchase system the buyer is
Q6: When an asset is acquired on hire
Q7: The depreciation in the books of buyer
Q8: Hirer charges depreciation on:<br>A)hire purchase price<br>B)cash price<br>C)lower
Q9: What is transferred to Hirer under hire
Q10: Balance of realization A/c is transferred to
Q11: Under which system, ownership is transferred on