Question

2.
3. जब माल किराया क्रय पद्धति के आधार पर बेचा जाता है, तब क्रेता और विक्रेता की पुस्तकों में की जाने वाले
What is Hire Purchase System
(पंजी) प्रविष्टियाँ दीजिए।
tho inurnal entries in the books of the buyer as well as the seller when you​

Answer 1

Answer:

what happened to you man are you crazy

Answer 2

Answer:

Hire Purchase system is an arrangement where people use expensive commodities and pay for the same on equal installments to the owner, after paying the final amount becomes the owner.

Explanation:

In this arrangement Buyer usually pay the down payement for buying the commodity and then pay the rest of the amount in equated installment and become the owner ones all the installments are paid.

For example following items are usually bought through hire-purchase system.

• Car
• Laptop
• Television

Types of Hire-Purchase System:

• Consumer HIre Purchase
• Industrial HIre Purchase

Features of Hire-purchase system:

• Buyer get the immediate possesion of the article.
• Ownership of the goods are transffered only upon the payment of last installment.
• Interest is generally charged on a flat rate.