1.The trial balance of Bronze Meadow Ltd on 31 March 2020 is shown below. Please note: (The question has more than one answer, in that case, you have to select all of the correct answers to gain marks.)

A. Administrative expenses (including depreciation) 36,000

B. Rent paid 12,000

C. Motor vehicle expenses 21,000

D. Salaries 106,800

E. Insurance 12,000

F. Cost of goods sold 489,000

G. Sales revenue 804,000

H. Motor vehicles (net book value) 84,000

I. Accounts payable 102,000

J. Accounts receivable 122,700

K. Buildings at valuation 600,000

L. Cash at bank 42,000

M. Share capital 720,000

N. Closing inventories 31 March 2020 90,000

O. Tax payable 60,000

P. Tax charge (income statement) 60,000

Q. Selling and distribution costs 40,500

(i) Identify the assets in the above Trial balanceRequired to answer. Multiple choice.

2.

Mr. Amman opened P.K stores by investing 1 million in inventory and 2 million in cash, which was obtained from bank loan from Askari bank. the correct entry for recoding the above transaction should be:Required to answer. Single choice.

(3 Points)

DR- Inventory 1 million CR Bank loan 1 Million

DR- Cash 2 million DR - Inventory 1 million CR Bank loan 2 Million, CR Capital 1 Million

DR- Cash 2 million DR - Inventory 1 million CR Capital 3 Million

DR- Cash 1 million DR - Inventory 2 million CR Bank loan 2 Million, CR Capital 1 Million

3-

The double-entry of the purchase of office stationary on credit from P.S & co should be:Required to answer. Single choice.

(3 Points)

.Debit: P.S & co Credit: Purchase

.Debit: P.S & co Credit: Cash

.Debit: P.S & co Credit: Cash

.Debit: Purchases Credit: P.S & co

.Debit: Office stationary Credit: P.S & co

THERE IS NO NEED TO GIVE A REASONING FOR YOUR ANSWER I KNOW YOU ONLY HAVE TO ANSWER 1 MCQ PER QUESTION BUT I WOULD BE REALLY GRATEFUL IF YOU WOULD JUST GIVE THE ANSWERS FOR THESE 3 THANKYOUU.