Question

Why hire purchase price is always more than cash price?
కంటే అది కొనుగోలు ధర ఎప్పుడు ఎక్కువగా ఉండటానికి కారణం ఏవి​

Answer 1

Explanation:

The total payment made under hire-purchase system is more than cash price. In fact, this excess of payment over the cash price is interest. It is very essential to calculate interest because the amount paid for interest is charged to revenue and the asset is capitalized at cash price.

Answer 2

Answer:

Hey mate here is your answers

Explanation:

The total payment made under hire-purchase system is more than cash price. In fact, this excess of payment over the cash price is interest. It is very essential to calculate interest because the amount paid for interest is charged to revenue and the asset is capitalized at cash price.

Hope it's helpful for you