15 July 2008
Hire Purchase Vs Installment System ------------------------------------
1. Hire Purchase is an agreement of hiring Installment System is an agreement of outright purchase 2. Under H.P - Property in goods or the ownership remains with hire vendor until the last installment is paid by the purchaser. Under Inst Sys- The title to goods passes to the buyer immediately on agreement to purchase as is usual in the case of sale. 3. Under H.P - The hirer may return the goods without further payment as to future installments. Under Inst Sys- The goods are not returnable unless there is some default on the part of the buyer, the buyer is liable for the price agreed to or reasonable price if not agreed 4. Under H.P - Seller may take possession of the goods if the hirer is in default. Under Inst Sys- Seller can only sue for price if the buyer is in default. 5. Under H.P - The buyer can not hire-out, sell, pledge, assign, destroy, damage or transfer goods. Under Inst Sys- The buyer may dispose of and give title to any bona fide purchaser.
&&&& Cash Flow Vs Fund Flow &&&& ------------------------------------
Cash Flow Statement : Statement showing changes in inflow & outflow of cash during the period.
Funds Flow Statement :Statement showing the source & application of funds during the period.
The Cash Flow S tatement allows investors to understand how a company's operations are running, where its money is coming from, and how it is being spent.
Fund Flow Statement is showing the fund for the future activites of the Company.
18 July 2008
Thanks , But I am not satisfied with cash/ funf flow diff. I thinks difference can be made with respect to treatment of item which can form part of those statement pl reply thanks in advance
CAclubindia
