7. Which of the following is not asset? a) Factory b) Building c) Cash at bank d) Loan from Sam 8. Example of an asset is a) Factory owned by the company b) A loan given to the company c) Amount owed by the company to one of its suppliers for purchase of goods on credit d) The capital of the company 9. Mr.Alex, a single owner of his company has following: Premises $55,000, Cash at Bank $6,500, Inventory $12,500 and creditors $5,000. What is the amount of capital? a) $31,000 b) $35,000 c) $10,500 d) $69,000 10. If the asset =$65,000 and liabilities =$25,000, what is the net worth of the business? a) $30,000 b) $40,000 c) $50,000 d) $25,000 11. The company has collected money from its debtors by cheque, what is the effect on assets and liabilities