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Model Paper 3 — Account STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceAccountModel Paper 31 Mark
MCQ
Goods purchased on credit will increase the
  • A
    Debtor
  • B
    Capital
  • ✓
    liability
  • D
    Drawings
✓

Answer

Correct option: C.
liability
C
liability
Explanation:
Purchaser have to pay the amount in future when goods are purchased on credit which increases the liability.

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