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    Exam 23: Accounting Concepts and Practices
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    Fixed Assets Purchased on Hire Purchased on Hire Purchase Terms
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Fixed Assets Purchased on Hire Purchased on Hire Purchase Terms

Question 31

Question 31

Multiple Choice

Fixed assets purchased on hire purchased on hire purchase terms are recorded at


A) Net realization value
B) Cash value
C) Hire purchase price
D) Cost price

Correct Answer:

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