Done Rent expense Machinery and Cast Rent expense, Machinery, Cash and C Rant expert, Machinery and Capital Loreto Macy and can 2. When the schede * * What is the one of debt Cons? Capital Commission revenue Account Question 33 Not yet answered Marked out of 2.00 Flag question Company ALPHA follows all the accounting principles and conventions to prepare their financial statements so as to produce an effective and standardized financial information to the users. 1. Company ALPHA records all their business transactions in the books of accounts at their cost of purchase because it follows: . (1 Mark) Done Verifiable objective assumption Accounting period assumption Historical cost principle Going concern assumption 2. Which accounts from the above schedule will have a credit balance? (1 Mark) 3. What is the total amount of debit accounts? * (1 Mark) Done Capital, Rent expense and Long term liabili.. Capital, Commission revenue, Account. Capital, Accounts payable and Cash Capital, Commission revenue, Accounts pa... Done Rent expense Machinery and Cast Rent expense, Machinery, Cash and C Rant expert, Machinery and Capital Loreto Macy and can 2. When the schede * * What is the one of debt Cons? Capital Commission revenue Account Question 33 Not yet answered Marked out of 2.00 Flag question Company ALPHA follows all the accounting principles and conventions to prepare their financial statements so as to produce an effective and standardized financial information to the users. 1. Company ALPHA records all their business transactions in the books of accounts at their cost of purchase because it follows: . (1 Mark) Done Verifiable objective assumption Accounting period assumption Historical cost principle Going concern assumption 2. Which accounts from the above schedule will have a credit balance? (1 Mark) 3. What is the total amount of debit accounts? * (1 Mark) Done Capital, Rent expense and Long term liabili.. Capital, Commission revenue, Account. Capital, Accounts payable and Cash Capital, Commission revenue, Accounts pa