Question
Happy Kids Creche bought a water tank from JO-JO water storage (Pty) Limited. JO-JO water storage granted a loan to Happy Kids Creche for the
Happy Kids Creche bought a water tank from JO-JO water storage (Pty) Limited. JO-JO water storage granted a loan to Happy Kids Creche for the purchase and a contract was signed between the two parties stipulating the conditions, interest rate, instalment amount, payment frequency and the period of the agreement. What form of finance will this be?
(a) Lease.
(b) Term loan.
(c) Instalment sale agreement.
(d) Mortgage loan.
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Cost And Management Accounting An Introduction
Authors: Colin Drury
7th Edition
1408032139, 978-1408032138
