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Books of Original Entry – Journal — Account STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceAccountBooks of Original Entry – Journal1 Mark
MCQ
Rent of proprietor's house paid from account on cash will:
  • A
    Decrease the profit.
  • B
    Increase the profit.
  • C
    Reduce the capital of business.
  • ✓
    Reduce the cash as well as capital of the business.
✓

Answer

Correct option: D.
Reduce the cash as well as capital of the business.
Reduce the cash as well as capital of the business.

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