QUESTION 10 Which of the following items would appear on the opposite sides of a trial balance? A. Inventory and Drawings B. Sales and Returns Outwards C. Carriage in and Carriage out D. Trade receivables and returns Outwards QUESTION 11 Which is the correct double entry for the write-off a bad debt? A. Dr. Trade receivables Cr. Bad debts B. Dr. Trade payables Cr. Bad debts C. Dr. Bad debts D. Dr. Bad debts Cr. Trade receivables Cr. Trade payables QUESTION 12 An item of capital expenditure was incorrectly treated as revenue expenditure. What effect did this have on the accounts? A. Expenses were understated and non-current assets understated B. Expenses were overstated, and non-current assets understated C. Expenses were understated, and non-current assets overstated D. Expenses were overstated, and non-current assets overstated QUESTION 13 Aero Enterprise paid its salaries for the month. As a result of this there will be a decrease in the firm's A. asset and expenses B. liabilities and revenues C. assets and revenues D. liabilities and expenses