News Translate New Tab M 10 A company has income of $200.00 and expenses of 175.000 for the year Al the end of the year, has assets of $100.000 and abies of $500,000 Equity at the end of the years Flag Select one O a $25 000 Ob 575.000 O c. 3100,000 Od 5125.000 11 An accounting system comprises accounts that can be grouped into at you arted out of Select one O a Income, expenses, and profit Ob Statement of financial position profit and cash flow O c. Assets, Babities, income, and expenses O d. Profit capital assets, and cash flow Question 12 A transaction to record sale of goods on credit would involve a double entry for the sales value to the following accounts wered Marked out of 100 Select one O a Increase sales and reduce inventory b. Increase sales and increase inventory Increase accounts payable and increase sales d. Increase accounts receivable and increase