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Get A8.635 Installment Contracts - Recording Assets And Liabilities - Hawaii

Ities Purpose To ensure that equipment acquired, liability incurred, and the fund equity are recorded in the University's Financial Management Information System upon entering into an installment contract. 2. Definitions Installment Contract - An agreement to purchase or lease with option to purchase and involves a down payment and a series of partial payments on a debt, each of which is specified as to principal, interest, and due date. Equipment - A University fixed asset which meets the ca.

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