If one of the cars purchased by a car dealer is used for business purpose, instead of resale, then it should be recorded by_____ | Faculties

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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_____

(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

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✅ Correct Answer: (C) Dr Motor Car A/c & Cr Purchases A/c

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