Free Online Commerce practice test
1. ln double entry system of Book-
keeping transaction means-
(A) Transfer of goods and ser—
vices from one person to another
(B) Transfer of goods and ser-
vices within the firm
(C) Producing and selling goods
(D) None of the above
Answer.A
2. Goods taken for personal use
will be posted in the credit of»
(A) Drawings Account
(B) Sales Account
(C) Purchases Account
(D) Cash Account
Answer.C
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