Q. If one of the cars purchased by a car dealer is used for business purpose, instead of resale,then it should be recorded by_____ (Solved)
1. Dr Drawing A/c & Cr Purchases A/c
2. Dr Office Expenses A/c & Cr Motor Car A/c
3. Dr Motor Car A/c & Cr Purchases A/c
4. Dr Motor Car & Cr Sales A/c
- c. Dr Motor Car A/c & Cr Purchases A/c