75-Hire Purchase

Banking Awareness Multiple Choice Questions (MCQs) and Answers with explanation on Hire Purchase for IBPS Bank PO, IBPS Bank Clerical, RRB PO and Clerical, SBI PO and SBI Clerical, IBPS Recruitments, RBI Grade B and RBI Bank

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1).
When examining for deficiencies of stock, a firm would not make allowances for which of the following?
2).
Which of the following is the act of buying an asset without having to make full payment in the immediate future?
3).
The rules for how to deal with leases and hire purchase contracts is dealt with in which accounting standard?
4).
Which of the following would not make a distinction between a hire purchase and a ‘normal’ purchase?
5).
On the balance sheet of a company, the value of the asset bought through hire purchase will appear as which of the following?
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