Question

Under which method entries are made as if asset is purchased for full price on credit on the date of Hire Purchase agreement itself
1) Actual Cash Price
2) Full Cash Price
3) Asset Accural
4) WDV Method​

Answer 1

Answer:

sorry don't know sorry

Answer 2

Under the Full Cash Price method, entries are made as if an asset is purchased for maximum price on credit on the date of the Hire Purchase agreement itself.  

The full cash price method is a bookkeeping framework utilized explicitly by extractive ventures, for example, oil and gas organizations. Under this method, all investigation working expenses are promoted, whether or not they were fruitful or not, and afterward amortized into costs after some time as the all-out holds are delivered.