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 ? | Faculties

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Mr. Dubey

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📊 Accountancy 2

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 ?

(A) Cash Method
(B) Sales or Return based sale
(C) Instalment system
(D) Hire purchase system

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✅ Correct Answer: (D) Hire purchase system

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