What is a balloon payment in a hire purchase ac... - SS3 Accounting Hire Purchase And Installment Payment Accounts - Terminologies Question
What is a balloon payment in a hire purchase account?
A
A large final payment due at the end of the hire purchase agreement
B
The regular payments made by the buyer to the seller
C
The interest charged by the seller on the outstanding balance of the purchase price
correct option: a
Please share this, thanks:
Add your answer
No responses