Under the hire purchase account, the cash selling price is
FINANCIAL
POST UTME OAU
Under the hire purchase account, the cash selling price is
- A) debited to the asset account and credited to the hire purchase vendor
- B) credited to the asset account and debited to the hire purchase vendor
- C) debited to hire purchase vendor
- D) credited to hire purchase vendor
Correct Answer: A) debited to the asset account and credited to the hire purchase vendor
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