Assuming there is no change in the total amount of assets, liabilities and capital, which of the following could possibly have transpired?

Question 19 options:

	Receipt of additional investment from the owners
	Acquisition of supplies on account
	Payment of utility bills
	Receipt of collection from clients on account

Question 20 (1 point)

It is not a business transaction when the owner of the grocery store took a loaf of bread and a bottle of milk from the grocery's shelf for personal use

Question 20 options:

	True
	False

Question 21 (1 point)

If asset is acquired through borrowings, the interest shall be treated as part of the acquisition cost of the asset

Question 21 options:

	True
	False

Question 22 (1 point)

Identify the violation of accounting concept when because the enterprise's income is low, the owner decided to ignore depreciation incurred this year

Question 22 options:

	Prudence
	Accrual
	Going Concern
	Materiality

Question 23 (1 point)

Which of the following transactions increase owners' equity?

Question 23 options:

	Bought equipment on account and issued a promissory note
	Rendered services on account
	Bought land for cash
	Received cash proceeds from bank for amount borrowed