Download App

P1 C2 Dual Effect of Transactions and Types ofAccounts — Account STD 11 Commerce — Question

Gujarat BoardEnglish MediumSTD 11 CommerceAccountP1 C2 Dual Effect of Transactions and Types ofAccounts1 Mark
MCQ
Effect of credit transaction is given to $........$ account.
  • ✓
    Personal
  • B
    Impersonal
  • C
    Third Party
  • D
    Credit
✓

Answer

Correct option: A.
Personal

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "MCQ .(1 Marks)" from P1 C2 Dual Effect of Transactions and Types ofAccounts→P1 C2 Dual Effect of Transactions and Types ofAccounts — all question types→Account STD 11 Commerce question papers→Gujarat Board STD 11 Commerce question papers→Gujarat Board question paper generator→

Similar questions

Drawing A/c is transferred to $........$ A/c.
→
Fixed assets are depreciated based on the Principle of $.......... .$
→
Which of the following unit is not comprised in CPU?
→
Which type of reserve is created by providing for more depreciation?
→
$…………$ account shows that reserves are invested outside the business.
→
Generally, who accepts a bill?
→
In which type of transactions, personal account is always involved ?
→
Which transactions are recorded in journal proper?
→
A bill of exchange is required to be $………$ by drawee.
→
When a person has more assets than liabilities he/she is known as ____________ .
→