9. The resources of an entity are called 10 in the journal transactions are recorded daily, TRUE OR FALSE 11. A collection of accounts is called- 12. The excess of sales over cost of goods sold is 13. Every debit entry must a corresponding credit entry and vice versa means - 14. When goods are returned by a customer the debit etry will be made the account 15 When cash is paid to a supplier, the credit entry is made in the- account 16. Opening stock is deducted from cost of sales, TRUE OR FALSE 17. Discount allowed to a customer increases his or her debts, TRUE OR FALSE 18. Drawings are 19. A suppliers account is a example of real account. TRUE OR FALSE 20. Discount received has debit balance, TRUE OR FALSE 30 marks