12:02 Done Lst1.docx 13. The accounting entries for recording N$100,000 cash introduced by the owner of a business are: Select one: Ca. Debit Cash account and Credit Investments account Cb Credit Cash account and Debit Investment in business account c. Credit Cash account and Debit Owner's account Cd Debit Bank account and Credit Capital account 14. Accounting entries for recording the payment of a telephone bill are: Select one: a. Debit Capital account and Credit Cash account b. Debit Bank account and Credit Telephone expenses account Cc. Credit Bank account and Debit Office Equipment account Ed. Credit Bank Account and Debit Telephone expenses account 15. A debit balance on a ledger account indicates: Select one: C a, a liability or revenue baliability or an expense c. an amount owing to the organization Ed. An asset or an expense 16. An entity has the following liabilities and assets: Furniture's NS5 000, Bank overdraft NS3 400, Petty cash N$I 800, Payables NS4 600, Inventory NS3 000, Receivables NS1 000, and a Loan: FNB NS2 800. What is the capital amount? (2 marks) Select one: Ca NS10 800 C b. NS3 400 CNS NIL Cd. NS6 800 17. An entity has the following liabilities and assets: Furniture's NS5 000, Bank overdraft NS3 400, Petty cash NSI 800. Payables NS4 600, Inventory NS3000, Receivables NSI 000, and a Loan: FNB NS2 800. What is the capital amount? (2 marks) Select one: Ca NS10 800 b. NS3 400 Ce. NS NIL Cd. NS6 800 18. Which one of the following statement does not form part of the definition of income in accordance with the Accounting Framework? Select one: Ca. Inflow of economic benefits b. During the accounting period Cc. That leads to an increase in assets Cd. That result in a decrease in equity