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Q. Under hire-purchase system the amount of interest is charged to Account

Q. By deducting cash price from the contract price of assets, the difference of the amount is called

Q. In popular single entry, following books are kept

Q. Which account is to be prepared to know Cash Purchase or Cash Sale?

Q. Interest on capital is calculated on which capital?

Q. Effect of dishonour of B/R is given

Q. Cash price of asset + Interest = price

Q. Total amount payable less its cash price is equal to -

Q. In case of Hire purchase system, Interest is not included in-

Q. In which of the following method of sales, if the purchaser can't pay the amount of instalment, the vendor can get the assets as return back ?