Question 4 Not yet answered Marked out of 0.50 Flag question 'Salary paid in advance' is not an expense because it neither reduces assets nor increase liabilities. Select one: True False Question 5 Not yet answered Marked out of 1.00 p Flag question Mr. Ali is the Chief Financial Officer for InfoTech and Mr. Badar is the Chief Lending Officer at the Bank where InfoTech has a large bank loan. Which statement is true for both Mr. Ali and Mr. Badar, in connection with InfoTech? Select one: a. External user O b. MR. Badar is debtor O c. Internal user O d. Investor of the infotech Question 6 Not yet answered Marked out of 1.00 P Flag question Which of the following equation is correct? Select one: O a. Liabilities + Owners' equity O b. Owners' equity c. Fixed Assets d. Owners' Equity O e. Assets + Owners' equity f. Assets + Liabilities g. Liabilities O h. Assets - Liabilities