Multiple Choice
Under hire purchase system the buyer is called _________
A) buyer
B) hirer
C) hire vendor
D) debtor.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q1: On the balance sheet of a company,
Q2: The interest charged on the hire purchase
Q3: The act of buying an asset without
Q4: Installment system is governed by _<br>A)hire purchase
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