17. In a business's books, the ledger account of J Brown, a customer, shows a debit balance of $450. What does this mean? A. Brown has paid $450 to the business B. Brown owes the business $450 C. the business has paid Brown $450 D. the business owes Brown $450 18. A supplier's account in a customer's books, has a credit balance of $8 000. What does this mean? A. the customer owes the supplier $8000 B. the customer has paid the supplier $8000 C. the supplier has paid $8000 D. the supplier owes $8000 19. Bob returns goods bought on credit from Tariq. Which ledger account entries record this in Tariq's books? A. B. C. D. Debit Bob Bob Sales returns Purchases returns Credit sales returns purchases returns Bob Bob 20. Which ledger entries record the purchase of a machine bought on credit? A. debit trade payables, credit machinery B. debit machinery, credit trade payables C. debit trade payables, credit purchases D. debit purchases, credit trade payables 21. What is the purpose of double entry bookkeeping? A. to apply the dual aspect concept B. to avoid errors C. to prepare books of prime entry accurately D. to record revenue and capital transactions correctly 22. The owner of a business has taken goods for personal use but not recorded this in the books. Which journal entries must be made at the end of the year? C. D. ABCD A. B. Debit Drawings Drawings Purchases Sales Credit Purchases Sales Drawings Drawings 23. A sole trader takes cash and also goods for his own use from his business. Which of these will affect his capital? A. the cash only B. the goods only C. both the cash and the goods D. neither the cash nor the goods