The correct answer is D. Purchaser has right to sell the asset at any time after receiving the delivery.
In an installment payment system, the buyer agrees to pay the purchase price in a series of installments over time. The seller retains ownership of the goods until the final installment is paid, at which point the title to the goods transfers to the buyer. This means that the buyer does not have the right to sell the asset until the final installment is paid.
Option A is true because the purchase price is paid in agreed installments. Option B is true because the seller has a right to take back the goods if the buyer defaults on the payments. Option C is true because the purchaser prepares Assets Account, Seller’s Account and Interest Suspense Account in his books.
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