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Basic query in accounting

This query is : Resolved 
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(Querist)
05 October 2013 In case of Hire purchase transaction, possession of goods is with Buyer,Ownership is with Seller and what about risk associated with ownership.?

I will be very much thankful to you.
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Rajesh Dubey

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Rajesh Dubey (Expert)
05 October 2013 All the risks are borne by the vendor before the payment of final installment.
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