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Which of the Following Transactions of a Business Is/ Are

Question 14

Multiple Choice

Which of the following transactions of a business is/ are recorded in Journal Proper?
(i) Purchase of goods on credit
(ii) Sale of Office Furniture for cash
(iii) Discounting of Bill of Exchange with a bank
(iv) Endorsement of a Bill of Exchange in settlement of debt of the business


A) Only (i) above
B) Only (iv) above
C) Both (ii) and (iv) above
D) (i) ,(iii) and (iv) above

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