Hi frnds,
can any one tell, with whom the risk & rewards in goods/ assets vest in case of Hire purchase system?
sKY....
Saurabh N. Nyati (Asst. Manager - Audit) (170 Points)
10 December 2010Hi frnds,
can any one tell, with whom the risk & rewards in goods/ assets vest in case of Hire purchase system?
sKY....
CA.CWA.Venkatesh Repala
(CA CWA;(CS PROFESSIONAL))
(1231 Points)
Replied 10 December 2010
with purchaser, but not with vendor. only ownership vests with vendor.
Spruthi
(CA final (article))
(25 Points)
Replied 10 December 2010
With purchaser, but ownership with vendor only till last installment is paid.
Konka Manohar
(PRACTICE)
(95 Points)
Replied 10 December 2010
Dear Friend,
I do agree with the gandham spruthi
CAclubindia
