Hi
when can I record an asset in my books as an asset under hire purchase?
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Hire Purchase
Replies (3)
after paying last installment.
when hire purchaser making an agreement to purchase an asset from hire vendor
possession of the asset will be transferred to hire purchaser as on the date of agreement, on same day we can recognise asset in the books of hire purchaser.
after paying last installment, ownership will be transferred.
after paying last installment, ownership will be transferred.
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