5.Which one of the following is considered as a liability of a merchandising business and shown in the balance sheet? a.The revenue of a company has provided but has not yet collected b.The overall debts that a company has not yet paid c.The company owns anything that has monetary value d.The value left over after liabilities and owned by investors and owners

7.Which one of the following expenses is incurred for the management of a business during the period?

a.Non-operating expenses b.Administration expenses c.None d.Selling expenses