Identify the accounting concept applicable for each of the following transactions: (a) Expenditure incurred in a particular accounting period should be taken into account irrespective of the actual payment. (b) A land of the business is shown in the statement of financial position at the purchase price (c) A provision should be made for doubtful debts from its debtors. (d) State the impact (Increase / Decrease) of the transactions below to the accounting equation: Transaction Assets Equity + Liabilities (0) Buy inventory on credit (11) Sell goods on credit (at a profit) (e) State the double entries and ledger accounts(T accounts) for the following transactions in: (12 marks) i) ii) Purchase of a motor vehicle for HKD3.5 million on credit basis Cash receipt from a customer for a credit sale of HKD10,000 after deducting a discount of HKD2000 Capital Introduced to the business by the owner HKD100,000 111) (f) As at 1 Jan 2015, Simon's business had opening net assets of HKD175,000 and as at 31 Dec 2015 he had closing net asset of HKD350,000. The business earned a profit of HKD75,000 during that period and Simon had withdrawn HKD50,000 for his personal use. Compute the additional capital introduced to the business by Simon during the year ended 31 Dec 2015