15. Which of the following accounts is increased by credits? a) Cash b) Bank c) Purchases d) Capital 16. All of the following increase on the debit side except: a) Salary b) Motor expenses c) Rent receivable d) Office equipment 17. Which of the following best describes the meaning of 'purchases'? a) Items bought b) Goods bought on credit c) Goods bought for resale d) Good paid for 18. Which of the following should not be called 'sales'? a) Office fixtures sold b) Goods sold on credit c) Goods sold on cash d) Sale on an item previously included in 'Purchases' 19. Which of the following best describes a trial balance? a) It shows the financial position of a business b) It is a special account c) It shows all the entries in the books d) It is a list of balances on the books 20. Is it true that the trial balance totals should agree? a) No, there are sometimes good reason why they differ b) Yes, except where the trial balance is extracted at the year end c) Yes, always d) No, because it is not a statement of financial position