IpQLSemma8SVJ910hASJkX-214GdMmJLfbDBdsizHT3PEee2kGusQ/viewioru 5. The opening balance of bank account is credit balance 1000 RM shows 2 points that: O a) There was RM1,000 in the bank account O b) Bank overdraft of RM 1,000 Oc) RM1,000 was the total of money paid out O d) The total of money received was RM1,000 Other: 15. Discounts allowed means: 2 points a)Cash discount received by a firm from its suppliers when it pays their accounts quickly. O b) At the end of the period for which accounts are prepared, the totals of both the debit side and the credit sides need to tally c) Cash discounts allowed by a firm to its customers when they pay their accounts quickly O d) both sides are equal initially, the account has no 'balance O Other