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  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
    Installment System Is Governed by _______
Solved

Installment System Is Governed by _______

Question 4

Question 4

Multiple Choice

Installment system is governed by _______


A) hire purchase act
B) sale of goods act
C) installment act
D) properties registration act

Correct Answer:

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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

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