Accountancy, asked by kari3, 1 year ago

What is the hire purchase system

Answers

Answered by roshan30
9
Hire-purchase is a creditpurchase. The price under hire-purchase system is paid in instalments. The goods are delivered in the possession of the purchaser at the time of commencement of the agreement. Hire vendor continues to be the owner of the goods till the payment of last instalment....................
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