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Hire purchase

Accountancy

3 equal installments together with interest 9% mnz. Is interest included in the installments or Its not

Shruthi V

CA Inter

★ 0

06-Sep-20 14:20

429

Answers (3)

Interest is additional.

CA Suraj Lakhotia

Admin

06-Sep-20 15:57

Ok Depreciation is calculated on cash price not on HPP right sir

Thread Starter

Shruthi V

CA Inter

★ 0

06-Sep-20 16:00

Yes.

CA Suraj Lakhotia

Admin

06-Sep-20 16:02

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