1
You visited us
1
times! Enjoying our articles?
Unlock Full Access!
Byju's Answer
Standard XII
Accountancy
What Is a Share?
If the instal...
Question
If the installment is not paid the hire vendor has right to
A
sell the goods
No worries! We‘ve got your back. Try BYJU‘S free classes today!
B
purchase the goods
No worries! We‘ve got your back. Try BYJU‘S free classes today!
C
repair the goods
No worries! We‘ve got your back. Try BYJU‘S free classes today!
D
repossession of goods
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
Open in App
Solution
The correct option is
A
repossession of goods
If the installment is not paid, the hire vendor has right of repossession of goods held as collateral.
Suggest Corrections
0
Similar questions
Q.
A hire purchase company charges
5
%
SI per annum on goods sold under instalment scheme. An article priced Rs.
12000
was hire purchased with a down payment of Rs.
3000
. If the company allows only
12
monthly instalments for repayment, find the monthly instalment amount to be paid.
Q.
The cost of installation and maintenance is relatively high because the high cost is to be paid to the vendor for _____.
Q.
If the hire purchaser fails to make payment of any installment, it is called
Q.
The cash price of a machine is Rs. 1,20,000 and its hire purchase price is Rs. 1,50,000 to be paid in five equal yearly installments. If a company purchases the machine on hire purchase basis, the amount of capital expenditure will be _______________.
Q.
A machine was sold on hire-purchase system on
1
s
t
March,
2015
Rs.
9000
was paid at spot and rest was paid by four equal quarterly installments of
11000
each. The cash price of machine was Rs.
90000
. Find out the amount of interest included in each installment.
View More
Join BYJU'S Learning Program
Grade/Exam
1st Grade
2nd Grade
3rd Grade
4th Grade
5th Grade
6th grade
7th grade
8th Grade
9th Grade
10th Grade
11th Grade
12th Grade
Submit
Related Videos
Why to Invest in a Company?
ACCOUNTANCY
Watch in App
Explore more
What Is a Share?
Standard XII Accountancy
Join BYJU'S Learning Program
Grade/Exam
1st Grade
2nd Grade
3rd Grade
4th Grade
5th Grade
6th grade
7th grade
8th Grade
9th Grade
10th Grade
11th Grade
12th Grade
Submit
AI Tutor
Textbooks
Question Papers
Install app