Post Reply 
 
Thread Rating:
  • 0 Votes - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Owned Assets OR Leased Hold Assets
03-16-2010, 07:54 PM
Post: #1
Owned Assets OR Leased Hold Assets
Company A has entered into finance arrangement (hyre purchase agreement) with a Bank for purchase of vehicles. Vehices are registered on the name of compay but a note is mentioned at the end of registration documents that vehilce is acquired on hyre purchase agreement with bank.

Bank makes directly payments to the dealer on behalf of the company. After that amount of loan is returned to the bank in installments by the company.

Question is that vehicles so acquired are Owned Assets or Leased Hold Assets.
Visit this user's website Find all posts by this user
Quote this message in a reply
Post Reply 


Forum Jump:


User(s) browsing this thread: 1 Guest(s)