9. Which of the following balance sheet equations is wrong? A Assets + Liabilities - Stockholders Equity B Assets - Liabilities = Stockholders Equity C Assets - Stockholders Equity | = Liabilities D Liabilities + Stockholders Equity = Assets 10. Which of the following is not an asset? A Motor Vehicle B Loan to buy Equipment C Building D Computer 11. Which of the following is not a liability? A Accrued Taxes B Account Payable C Bank Overdraft D Depreciation on Motor Vehicle 12. Which of the following is not an expense? A Wages and Salaries B Dividend Payments C Stationery D Materials 13. Which of the following accounts normal balance is not a debit balance? A Wages and Salaries B Cost of Buildings C Income Taxes D Notes Payable 14. Which of the following normal balance is not a credit balance? A Accumulated Depreciation of Fixtures and Fittings B Sales Income C Interest Paid D Interest Received 15. Is an error of omission: A. A transaction that has been posted to the wrong ledger B. A transaction which has not been included in the total of the ledger it is posted in C. A transaction where the credit entry is posted as a debit entry or vice versa D. A transaction that has been completely overlooked 16. Which of the following would not be found on an income statement? A. Charitable contribution B. Flood loss C. Accumulated depreciation D. Depreciation expense