Lole has prepared his financial statements for the year ended 30 April 2021, which showed a profit for the year of R150 000 , current assets of R96 000 , non-current assets of R200 000 and s total assets figure of R296000. He has since discovered that the closing inventory amount. he used was overstated by R25 000 . Indicate whether the following statement is true or false regarding the correction of the error that was made? The revised ournent assets amount will be R121 000. Select one: True Faloe State whether the following statement is true or false: If a financial asset is aoquired, the bank account will be debited and the financial asset account will be credited. Select one: True Faise On 1 July 20.1. Joe Traders bought two machines for R84 000 was given a 58 cash discount. B8 Logistics delivered the machinery to JJ Tradera and charged R2 500 . Both machinery were installed for RA 500 . Joe Traders uses the diminishing balance method and the photocopier will be depreciated at 255 per annum. Joe Traders also purchased 1 000 boxes of A4 copier paper on 1 July 20.1 for R130000