Question

in the books of hirer for interest due at the end of the year hire vendor account will be​

Answer 1

Answer:

hy

Explanation:

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Cash price is that price which will be paid if any asset is purchased on cash without installment. b) Hire price = cash price + interest for risk of giving asset on instalment. c) Down payment = Payment at the beginning of deal of hire purchase. There are four methods of accounting for hire purchase.

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