The hire purchase can record the asset at it's
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Answer:
as per real account rule we debit what comes in and purchases make goods to be in in business so its an asset and will debited
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Introduction:
Assets are items of value that belong to a person, business, or organisation, such as a possession or property.
Explanation:
The hire purchaser debits the asset account at its full cash price and credits the hire vendor's account when using the capitalizing the entire cash price approach.
The asset account is debited with the cash price contained in each payment when the capitalizing just the portion of cash price paid technique is used.
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