n9 A business had the following assets and liabilities: Accounts payable = RO 5000, Accounts receivable RO 2000, Cash RO 3000, Loan Payable RO 500, Furniture 5000. The amount of Liability is. med out of O a. RO 5,500 question b. RO 4,500 O C. RO 900 O d.RO 10,000 n 10 ed A business purchased Furniture for RO 25,000. The manager estimates the value of the machine to be RO 26,000 in the market. If the Business follows Historical Cost concept, the amount to be recorded for Machine is out of question O a. RO 26,000 O b. RO 41,000 O c. RO 1,000 O d.RO 25,000