QUESTION 1 Which of the following is a capital transaction? Select one answer. A B C D ANSWER: QUESTION 2 A debit on the Trial Balance indicates: Select one answer. ABCD ANSWER: Road tax and insurance premium of a delivery van Retiling of the entire factory roof Sale of inventory to a customer in Germany The purchase of a car for resale by a car dealership An asset or revenue A liability or revenue An asset or an expense A revenue or capital QUESTION 3 Which of the following is a revenue expense? Select one answer. ANSWER: A machine B C D (2 marks) (2 marks) Transportation costs incurred for delivery and setting up of a new Depreciation of a machine Purchase of a new machine Refurbishment of the factory to make room for the new machine (2 marks)