Question 14 Not yet Dishonoured cheques appears on the: answered Marked out of 1.00 Debit side of Sales Ledger control account Credit side of Sales Ledger control account Credit side of Purchase Ledger control account Credit side of Sales account P Flag question Question 15 Not yet answered Home Furnishings reports inventory using the lower of cost and net realizable value (NRV). Below is information related to its year-end inventory Inventory Quantity Unit Cost Marked out of 1.00 Unit NRV Flag question $ $ Furniture 200 85 100 Electronics SO 400 300 Using the lower of cost and net realizable method, for what amount would Home Furnishings report ending inventory $37.000 $40,000 $32,000 $35.000 Question 16 Not yet Which of the following are not errors of principle? answered i. Motor expenses entered in Motor Vehicles account Marked out of 1.00 ii. Purchases of machinery entered in Purchases account P Flag question iii. Sale to Hashim entered in Harris account Question 18 We paid the account of Rahim by cheque $310 after deducting a cash discount $15. The amount of $15 will be entered in Cash Book as Not yet answered Marked out of 1.00 Flag question Discount on debit side Payment in Bank Column Receipt in Bank Column Discount on credit side