Question 8 (1 point) Accountants in Canada use the professional designation CPA which stands for Certified Public Accountant Chartered Professional Accountant Canadian Public Accountant Can Probably Add Question 9 (1 point) In a T-account for an asset, the debits are on the left hand side and the credits are on the right hand side. However, for a liability account, the credits are on the left hand side and the debits are on the right hand side. This statement is False A little confusing but true Depends upon the use of cash or accrual basis for the accounting system True Question 10 (1 point) Representing the economic reality of a transaction rather than a transaction's legal form is known as Ethical Behaviour Relevance Faithful Representation The Principle of Materiality