38. Cash Price of a machine is 716,350 and its hire-purchase price is 18,000. The machine has been
by X from Y on hire-purchase system on April 1, 2013. Its payment is to be made in three annual in
terminated the contract immediately after paving the first instalment. Find out the additional amount
premature termination of contract by the hire-purchaser, he has to pay * 3,100 as additional
Ans. Subhash
7775, II quarter * 711 and III quarter
Premature Termination of Hire Purchase Contract
system
of ente
"T
of the
X has to pay to Y.
"T
immed
munt nayable 3,000.
in Account
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