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In order to deal with the re possession the hire vendor operates an account called ____ ___?

<p>a<strong>) Asset account</strong><strong>b) Goods account</strong><strong>c) Goods repossessed account</strong><strong>d) None of these</strong></p>

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Question added by VENKITARAMAN KRISHNA MOORTHY VRINDAVAN , Project Execution Manager & Accounts Manager , ALI INTERNATIONAL TRADING EST.
Date Posted: 2014/11/14
Malik Khalid Mahmood
by Malik Khalid Mahmood , Regional Finance Manager , Leosons International FZ LLC

Goods Reposession account

Vinod Jetley
by Vinod Jetley , Assistant General Manager , State Bank of India

It is c) Goods repossessed account

Sara Naeem
by Sara Naeem , Trainee Finance officer , Wah Brass Mill

C

georgei assi
by georgei assi , مدير حسابات , المجموعة السورية

The correct answer is C

Deleted user
by Deleted user

Answer C is correct

IBRAHIM MOHAMMED - CMA
by IBRAHIM MOHAMMED - CMA , Senior Accountant , Ajal Finance & Investment K.S.C.C

The Answer is "C", the creditor may repossess property / goods and may sell it to recover his credit amount and any excess amount will be return back to debtor.

Ahmed kandil
by Ahmed kandil , Cost Controller , Battour Holding Cpompany

ANSWER C IS THE CORRECT ANSWER 

FITAH MOHAMED
by FITAH MOHAMED , Financial Manager , FUEL AND ENERGY CO for transportion petroleum materials

ANSWER C

 

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