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

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 Motor Car A/c & Cr Purchases A/c

B.            Dr Drawing A/c & Cr Purchases A/c

C.            Dr Office Expenses A/c & Cr Motor Car A/c

D.            Dr Motor Car & Cr Sales A/c

Answer: Dr Motor Car A/c & Cr Purchases A/c