Please help solving the questions 11-20. If it is possible, please give a detailed explanation Thank you so much

11. The CPA firm auditing Indian Company found that profit had been overstated. Which of the following errors could be the cause? A. Failure to record depreciation expense for the period. B. No entry made to record purchase of land for cash on the last day of the year. C. Failure to record payment of an account payable on the last day of the year. D. Failure to make an adjusting entry to record revenue which had been earned but not yet billed to customers. 12. BOA Ltd. extracted the trial balance for the year ended 31 December 20X7. The total of the debits exceeded the credits by $300. Which of the following could explain the imbalance? A. Sales of $300 were omitted from the sales day book B. Returns inward of $150 were extracted to the debit column of the trial balance C. Discounts received of $150 were extracted to the debit column of the trial balance D. The bank ledger account did not agree with the bank statement by a debit of $300 13. Which of the following errors would not cause a trial balance to disagree? A. Cash sales entered in the cash book but not posted to the sales account B. The debit side of the purchases account has been undercast C. Bank charges not entered in the cash book D. Rent paid shown on the credit side of the cash book has been credited to the rent receivable account

14. Which TWO of the following errors would cause the total of the debit column and the total of the credit column of a trial balance not to agree? (1) A transposition error was made when entering a sales invoice into the sales day book (2) A cheque received from a customer was credited to cash and correctly recognised in receivables (3) A purchase of non-current assets was omitted from the accounting records (4) Rent received was included in the trial balance as a debit balance A. 1 and 2 B. 1 and 3 C. 2 and 3 D. 2 and 4 15. Which of the following statements is TRUE for a limited liability company? A. Members have unlimited liability for the debts of the business. B. Members have limited liability for the debts of the business. C. Only the limited partners have limited liability for the debts of the business. D. The general partner has unlimited liability for the debts of the business. 16. The major types of transactions that affect retained earnings are: A. paid-in capital and common stock. B. assets and liabilities. C. revenues, expenses, and dividends. D. revenues and liabilities. 17. A potential investor interested in predicting the earnings of a company in the future should examine the: A. Balance Sheet only. B. Income Statement only. C. Statement of Retained Earnings. D. Statement of Retained Earnings and Balance Sheet. 18. Which statement below is FALSE? A. Income taxes payable are tax debts owed to the government. B. Accrued liabilities can include liabilities for salaries and utilities. C. Short-term investments include stocks and bonds of other companies. D. Prepaid expenses include accrued interest payable. 19. PT Company reported the following information for 20X6 and 20X7: 20X6 20X7 Sales $100,000 $120,000 Cost of goods sold 50,000 66,000 Inventory turnover 4 6 Given these facts, which of the following statements could be true? A. Accounts receivable increased. B. Average inventory increased. C. Cost of goods sold decreased. D. Average inventory decreased. 20. Xena has the following working capital ratios: 20X9 20X8 Current ratio 12:1 15:1 Receivables days 75 days 50 days Payables days 30 days 45 days Inventory turnover 42 days 35 days Which of the following statements is correct? A. Xenas liquidity and working capital has improved in 20X9 B. Xena is receiving cash from customers more quickly in 20X9 than in 20X8 C. Xena is suffering from a worsening liquidity position in 20X9 D. Xena is taking longer to pay suppliers in 20X9 than in 20X8