On 5th october 2020 mazoon lic has accepted a note receivable from one of the accounts receivables. The maturity period is three months. The maturity date will be. O a. 5th December 2020 O b. 3rd January 2021 O c.5th January 2021 O d. 3rd December 2020 Interest on Loan account, debited by the bank will O a. Increase in Cash book balance. O b. Decrease in Bank book balance. O c. Increase in Bank book balance. O d. Decrease in Cash book balance. Allowance for doubtful accounts is an example of. a. Expense account O b. Asset account O c. Liability account O d. Contra asset account An important aspect of developing any theoretical structure is the O a. Rules of business b. Basic elements/terms O c. Economics of business O d. Hope of business