07. In accounting purpose, it is assumed that owner and business are same. (True / False) 08. GAAP stands for Generally Accepted Accounting Principles. (True / False) Identify what change will occur at accounting equation? (Q. No. 9 & 10) 09. Mr. X invested Tk. 5000 in his business. i) 'A' will increase & 'OE' will decrease ii) A will increase & 'L' will increase iii) 'A' will decrease & 'OE' will increase iv) A will increase & OE' will increase 10. Mr. X withdraw cash for personal use Tk. 2000 i) 'A' will increase & 'OE' will decrease iii) 'A' will decrease & 'OE' will decrease ii) A will increase & 'L' will increase iv) A will increase & 'OE' will increase