9. Prepaid expenses: 2 points a) Is classified as an owner's equity O b) is an amount that the business should have received in this accounting period Oc) Has been paid in this accounting period but belongs to the future accounting period O d) Is classified as a current liabilities O Other: 12. Expenditure means: 2 points O a) is simply a listing of all the remaining balances left in the ledger account system O b) It is a listing of all the capital revenue and capital expenditure balances. c) incurred during the period should deducted from the revenue source to arrive at the net profit d) Debts that the business is due to pay back over' a longer period than a year Other: The nenina halance of hank account is credit balance 1000 RM shows