36. What does this definition relate to? Something that leads to economic inflow. Select one: a. Assets N o b. Liability O c. Equity O d. Current liability 49. Accrual accounting means that the effects of transactions are other events are recognized when they occur, not when cash is paid or received, and they are recorded in the financial statements of the periods to which they relate. Select one: o True False Which of the following is an example of Revenue expenditure? Select one: O a. Purchase of building o b. Raw material purchases O c. Purchase of office equipment (Scanner) O d. Extension of factory premises Odf 16. Which one of the following statements define the contents of the Statement of Financial Position? Select one: O a. A list of ledger balances shown as debits and credits. o b. A record of revenue and expenses over a given period. O c. A record of the amount of cash generated and used by the company in a given period. Od. A list of all the assets owned and liabilities owed by a business. arch