taisactions have been recorded 11 Which of the following items are shown under the correct classi A Assets: Bank overdraft C Revenue: wages and salary B Liabilities: Loan from Public Bank D Owner's equity: Accounts payable 12 Which of the following items is not classified as a current asset? A Cash C Inventory B Accounts payable D Accounts receivable If total liabilities increase by RM4,000, then A assets must have decreased by RM4,000 B owner's equity must have increased by RM4,000 C assets must have increased by RM4 ,000, or owner's equity must have decreased by RM4,000 D assets and owner's equity each increased by RM2,000 13 Credit notes issued by Harraz Company will be first recorded in the A sales account 14 B return outwards account D return inwards journal C return outwards journal Murali has prepared the following journal entry: Debit Siti Credit cashRM678 15 RM678