1. XYZ Trading paid its salaries for the month. As a result of this there will be a decrease in the firms: A. Cash and expenses B. Liabilities and revenues C. Assets and revenues D. Liabilities and expenses 2. The following are revenue expenditure EXCEPT: A. petrol for van B. replace tires for van C. road tax for van D. buying a van 3. J&T Enterprise has a gross profit of $3,000. The closing inventory and opening inventory are valued at $5,000 and $4,000 respectively. What is the total sales if total purchases is $15,000 A. $14,000 B. $17,000 C. $28,000 D. $15,000