Question

Differences between hire purchase system and credit sale

Answer 1

ᴮᵒᵗʰ ᶜʳᵉᵈⁱᵗ ˢᵃˡᵉ ᵃⁿᵈ ʰⁱʳᵉ ᵖᵘʳᶜʰᵃˢᵉ ᵃʳᵉ ᵗʰᵘˢ ᶜᵒᵐᵐᵒⁿ ᵇᵘᵗ ᵈⁱᶠᶠᵉʳᵉⁿᵗ ᵐᵉᵗʰᵒᵈˢ ᵒᶠ ˢᵘᵖᵖˡʸⁱⁿᵍ ᵍᵒᵒᵈˢ ᵘⁿᵈᵉʳ ᵃ ᶜʳᵉᵈⁱᵗ ᵃᵍʳᵉᵉᵐᵉⁿᵗ. ᴬⁿˢʷᵉʳ: ᴵⁿ ʰⁱʳᵉ ᵖᵘʳᶜʰᵃˢᵉ ʷᵉ ᵖᵘʳᶜʰᵃˢᵉ ᵗʰᵉ ᵉˣᵖᵉⁿˢⁱᵛᵉ ᵍᵒᵒᵈˢ ⁱⁿ ⁱⁿˢᵗᵃˡˡᵐᵉⁿᵗ ᵇʸ ᵍⁱᵛⁱⁿᵍ ᵗʰᵉ ᵗᵒᵏᵉⁿ ᵐᵒⁿᵉʸ ᵒⁿˡʸ ᵗᵒ ˢʰᵒᵖᵏᵉᵉᵖᵉʳ.

hope it helps you ❤️✌️

Answer 2

Answer:

here is your answer mate

Explanation:

In hire purchase we purchase the expensive goods in installment by giving the token money only to shopkeeper.

For eg when we go to showroom of bike we purchase the bike only giving inital amount to the shop keeper.

In credit sales consumer purchase the general product by the shop keeper without giving the full amount to them.

For eg a consumer is building the house after looking the site of consumer the shop keeper give the credit facility to the consumer to purchase the raw material for making the house.