menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Financial Accounting 2
  4. Exam
    Exam 7: Hire Purchase System and Dissolution of Assets in a Firm
  5. Question
    Under Which System, Ownership Is Transferred on Payment of Final
Solved

Under Which System, Ownership Is Transferred on Payment of Final

Question 11

Question 11

Multiple Choice

Under which system, ownership is transferred on payment of final installment


A) installment system
B) credit system
C) hire purchase system
D) cash system

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

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

Q12: Under hire purchase system who has the

Q13: Which of the following does not give

Q14: The amount of interest is credited by

Q15: Under hire purchase system, the agreement can

Q16: Ownership of goods under hire purchase agreement

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines