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Question 109 Select the account types for these items: Fixtures and fittings, Accounts payable, Drawings and Sales Expense, asset, equity, income O b. Expense, liability, asset, expense O c. Asset, liability, equity, expenses O d. Asset, liability, equity, income Question 52 What type of account is Unearned Income? Select one: O a. Liability O b. Income O c. Asset O d. Expense Question 53 An entity repays $2000 of an existing bank loan. The transaction is recorded as: Select one: a. DR Bank loan $2000; CR Cash at Bank $2000 Ob. DR Cash at Bank $2000; CR Accounts payable $2000 O c. DR Cash at Bank $2000; CR Bank loan $2000 O d. DR Bank loan $2000; CR Owner's capital $2000 Question 39 Walid is a painting contractor operating as a sole proprietor. On 15 May he completes a job for a client who pays him $1500 in cash. The effect of this transaction on the accounting equation is? Select one: O a. Cash at bank increases by $1500; Accounts payable increases by $1500. O b. Cash at bank increases by $1500; Equity increases by $1500. O c. Cash at bank increases by $1500; Accounts payable decreases by $1500. Question 7 Which type of information about a company would be of most interest to its trade creditors? Select one: O a. Ability to pay debts as they fall due. Ob. Compliance with accounting standards. O c. Total production expenses. O d. Continuity of orders for the factory