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NOT NULL CONSTRAINT -    Ensures that a column cannot have a null value. DEFAULT CONSTRAINT -    Provides a default value for a column when none is specified  UNIQUE CONSTRAINT -   Ensures that all values in columns are different  CHECK CONSTRAINT -   Makes sure that all values in a column satisfy certain criteria  PRIMARY KEY CONSTRAINT -   Used to uniquely identify a row in the table  FOREIGN KEY CONSTRAINT -   Used to ensure referential integrity of the data  Primary Key - is used uniquely to identify each row in a table . It can consist of one or more columns on a table . When Multiple columns are used on a table it is called composite key.  Foreign Key - Foreign key is a column or columns that references a column most often primary key of another table . The purpose of foreign key is to maintain referential integrity of the data. Pg admin  Data base - training - right click on training - ...
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Hire Purchase and Difference between Leasing and Hire Purchase

 Hire purchase example is car  

 The owner on the asset  in this type of investment we have to pay in instalment at the last instalment the ownership is transfered to hirer. 

It is an agreement in which the owner of the asset lets them on hire for regular instalments paid by the hirer. The hirer has the option to purchase ad own the asset once all the agreed payments have been made . 

2 Parties Hire and user

Downpayment of 20 to 25%

Immediate possession 

Depreciation can be claimed by the hirer .

In leasing the the depreciation is not claimed by lessee


# Difference in Leasing and Hire purchase 

In leasing ownership is not transferred but in                   Hire purchase is transferred 

No down payment in leasing                                        there is down payment in Hire purchase  

Depreciation in books of lessor                                      Depreciation in books of hirer 

Maintenance cost by lessor in OL ,Lessee in FL       Maintenance cost by user in Hire purchase 

AC Standard 19                                                                    No specific accounting standard 

Land building property                                                           Car auto rickshaw mostly vehicles

Long term leasing                                                                       short term hire purchase 



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