AS-19
This query is : Resolved
03 July 2011
What is the difference between financial lease and hire purchase agreements?
03 July 2011
I thought that Property will be once again transferred to Lessor after the lease period under Finance Lease. However, the lessee has the option to buy the asset from the lessor and it is the discretionary of the lessor to sell that property under finance lease.
However under hire purchase agreements, asset will be remained with the payee of the installments after the full payment of hire purchase agreement.
Thanks,
CA M Sreenivasa Rao.
However under hire purchase agreements, asset will be remained with the payee of the installments after the full payment of hire purchase agreement.
Thanks,
CA M Sreenivasa Rao.
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