Identity the option that is defined as a gross decrease in economic benefits for the business. Question 1 Not yet answered Marked out of 1.00 P Flag question Select one: O a. Obligations O b. Creditors O c Income or gain d. Expenses Question 2 Not yet A business paid 3 months' rent amounting to R3 000. Out of this one month Fents pertains to the next accounting period. Identify the correct amount for prepaid expense. answered Marked out of 100 Flag question Select one: a. R2 000 b. R4 000 c R1 000 d. R3 000 4. . 3 Not yet An adjusting entry for income received in advanced affects