Question

In lease system, interest is calculated
on
O Cash price outstanding
O Price of the asset - depreciation
O Hire purchase price
O Cash down payment​

Answer 1

Answer:

CASH PRICE OUTSTANDING

Explanation:

If the rate of interest is not given (the cash price and amount of each instalment being given), interest will be calculated on the basis that the interest for each year will be in the ratio of amounts outstanding.

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