Accountancy, asked by chetanbharadi370, 7 months ago

State two Features of hire purchase system

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Answered by NandiniDalsania
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Answered by ujjawal72
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Following are the features of a regular hire purchase transaction: Rental payments are paid in installments over the period of the agreement. Each rental payment is considered as a charge for hiring the asset. This means that, if the hirer defaults on any payment, the seller has all the rights to take back the assets.

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