Question on: SS3 Accounting - Operation of Hire Purchase System
What is the deposit in a hire purchase agreement?
View related lesson
A
The regular instalment payments made by the buyer to the seller
B
The interest charged by the seller on the outstanding balance of the purchase price
C
The initial amount paid by the buyer at the time of signing the hire purchase agreement
Ask EduPadi AI for a detailed answer
Correct Option: C
Add your answer
Please share this, thanks!
No responses