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Question

___________________ is not a business transaction.

A

Bought furniture of to used in business

B

Paid for salaries of employees

C

Paid sons fees from his personal bank account

D

Paid sons fees from the business

Medium

Solution

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Correct option is
C

Paid sons fees from his personal bank account

When son's fees is paid from his personal bank account, this transaction will not be a business transaction because it does not affect any of the business account. On the other hand,when a fee is paid from business, it will be recorded as drawing of the proprietor. 

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