1.

Which of the following is an example of a business transaction?(a) Appointed Mr.Ram as the Manager of the business with a salary of Rs. 15,000.(b) Obtain a loan of Rs. 1,00,000 to the business from Bank of India.(c) Sent a quotation to Matha Traders worth Rs. 20,000.

Answer»

(b) Obtained a loan of Rs. 1,00,000 from Bank of India. Loan is taken meant for business. So it is a business transaction.



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