a) The statements listed below pertain to the Accounting Equation. Answer the followi ng questions True or False. 1 ASSETS = LIABILITIES + CAPITAL T/F 2 ASSETS - LIABILITIES CAPITAL T/F 3 ASSETS + CAPITAL = LIABILITIES T/F 4 T/F CAPITAL -ASSETS = LIABILITIES LIABILITIES - CAPITAL-ASSETS 5 T/F (5 mark 1 200 b) From the following balances in the books of a sole trader, use the Accounting Equa tion to determine the value of the missing bank balance Capital P3 500 Plant & Machinery Accounts Receivable Accounts Payable Inventory (Stock) Bank ?? (4 mark 500 1 100 2 100