3 Which of these business organisation has a separate legal entity from its owners and the owners are NOT liable for the debts of the business a) Sole Proprietorship b) Partnership c) Private limited company d) All of the above 4 Mariah has returned goods which she purchased on credit What journal entry should Mariah make in her accounts O a) Debit Trade Payable Credit Purchase Return b) Debit Purchase Return Credit Trade Payable c) Debit Trade Payable Credit Sales Return d) Debit Purchase Credit Trade Payable 3 Which of these business organisation has a separate legal entity from its owners and the owners are NOT liable for the debts of the business a) Sole Proprietorship b) Partnership c) Private limited company d) All of the above 4 Mariah has returned goods which she purchased on credit What journal entry should Mariah make in her accounts a) Debit Trade Payable Credit Purchase Return b) Debit Purchase Return Credit Trade Payable c) Debit Trade Payable Credit Sales Return d) Debit Purchase Credit Trade Payable

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3  Which of these business organisation has a separate legal entity from its owners and the owners are NOT liable for the debts of the business  a) Sole Proprietorship b) Partnership c) Private limited company d) All of the above 4  Mariah has returned goods which she purchased on credit  What journal entry should Mariah make in her accounts  O a) Debit Trade Payable  Credit Purchase Return b) Debit Purchase Return  Credit Trade Payable c) Debit Trade Payable  Credit Sales Return d) Debit Purchase  Credit Trade Payable 3  Which of these business organisation has a separate legal entity from its owners and the owners are NOT liable for the debts of the business  a) Sole Proprietorship b) Partnership c) Private limited company d) All of the above 4  Mariah has returned goods which she purchased on credit  What journal entry should Mariah make in her accounts  a) Debit Trade Payable  Credit Purchase Return b) Debit Purchase Return  Credit Trade Payable c) Debit Trade Payable  Credit Sales Return d) Debit Purchase  Credit Trade Payable

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3. Which of these business organisation has a separate legal entity from its owners and the owners are NOT liable for the debts of the

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