Resources controlled by an entity as a results of past transactions or events from which future economic benefits are expected to flow to the entity, is the definition of Select one O a Assets Liabilities Income d. Expenses Ima Studio, has just inherited $100.000 from anchaunty She has decided to invest 520,000 in BHP Shares as part of her personal share portfolio and deposit the rest into a business bank account. The Capital account of this business witl show $80,000. Which of the following accounting concepts has been used to determine why only 550,000 is shown as Capital M 1 Select one Disclosure Principle b. Accounting Period Concept Going Concern Principle d. Cost Principle Accounting Entity Concept Double entry means Select one a. For every transaction two accounts are affected b. For every transaction one debit and one credit is recorded c. Two entries are made in every account d. For every transaction total debits equals total credits None of the above 0 0 0 0 Which of the following accounts would not appear in a post-closing trial balance? Select one Dividends payable b. Accumulated depreciation equipment Reverse received in advance Od Sales returns and allowances None of the above