MCQOPTIONS
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| 1. |
If one of the cars purchased by a car dealer is used for business purpose, instead of resale,then it should be recorded by_____ |
| A. | Dr Drawing A/c & Cr Purchases A/c |
| B. | Dr Office Expenses A/c & Cr Motor Car A/c |
| C. | Dr Motor Car A/c & Cr Purchases A/c |
| D. | Dr Motor Car & Cr Sales A/c |
| Answer» D. Dr Motor Car & Cr Sales A/c | |