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  • Fundamentals of Accounting - 2
  • Which account needs to be credited for the transaction of...
Multiple choice

Which account needs to be credited for the transaction of goods given as charity worth Rs. 5,000?

  1. Charity a/c

  2. Purchase a/c

  3. Drawings a/c

  4. Cash a/c

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Goods given as charity so purchase is affected & credited.

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