Multiple choice

A second hand car is purchased for Rs. 20, 000, the amount of Rs. 3, 000 is spent o its repair, Rs. 1, 000 is incurred to get the car registered in owner's name and Rs. 2, 000 is paid as dealer's commission. The amount debited to car account will be

  1. Rs. 20, 000

  2. Rs. 23, 000

  3. Rs. 24, 000

  4. Rs. 26, 000
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

 Amount debited to the Car account will be all the expenditure that has been incurred on the car. =(20,000+3,000+1,000+2,000)= Rs. 26,000

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