davidcblessings1999 davidcblessings1999
  • 13-02-2021
  • Business
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what is the difference between credit sales and hire purchase​

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christianhartfield
christianhartfield christianhartfield
  • 13-02-2021

Answer:

When a sale is made, the ownership of goods is transferred immediately to the buyer of the goods. On the contrary, in case of hire purchase, the ownership of the asset is transferred to the hire purchaser, on the payment of the last installment.

Explanation:

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