{"id":95306,"date":"2020-12-24T14:57:41","date_gmt":"2020-12-24T09:27:41","guid":{"rendered":"https:\/\/www.vskills.in\/certification\/tutorial\/?page_id=95306"},"modified":"2024-04-12T14:25:20","modified_gmt":"2024-04-12T08:55:20","slug":"hire-purchases","status":"publish","type":"page","link":"https:\/\/www.vskills.in\/certification\/tutorial\/hire-purchases\/","title":{"rendered":"Hire Purchases"},"content":{"rendered":"\n

In the case of fixed assets acquired on hire purchase terms, although legal ownership does not vest in the enterprise, such assets are recorded at their cash value, which, if not readily available, is calculated by assuming an appropriate rate of interest. They are shown in the balance sheet with an appropriate narration to indicate that the enterprise does not have full ownership thereof.<\/p>\n","protected":false},"excerpt":{"rendered":"

In the case of fixed assets acquired on hire purchase terms, although legal ownership does not vest in the enterprise, such assets are recorded at their cash value, which, if not readily available, is calculated by assuming an appropriate rate of interest. They are shown in the balance sheet with an appropriate narration to indicate…<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-95306","page","type-page","status-publish","hentry"],"acf":[],"yoast_head":"\nHire Purchases - Tutorial<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.vskills.in\/certification\/tutorial\/hire-purchases\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hire Purchases - Tutorial\" \/>\n<meta property=\"og:description\" content=\"In the case of fixed assets acquired on hire purchase terms, although legal ownership does not vest in the enterprise, such assets are recorded at their cash value, which, if not readily available, is calculated by assuming an appropriate rate of interest. 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