Accountancy, asked by prathamgurav071, 3 months ago

5. Interest received in hire purchase system by the
vendor is his

Answers

Answered by bristidas3598

0

Answer:

Hire purchase price: it is the price at which the goods are sold under 'hire purchase system' it includes cash price of the goods and interest. 5. Installment money: it is the part of the hire purchase price paid by hire purchaser, in periodic intervals.

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