Which of the following is incorrect? A. Assets - Capital = Libantict B. Aaset - Viabilies = Cabital C. Habilities + Assets = Capital D. Liabileirs + Capioul = Aasuets will be reimbursed at the end of the period? A424,895B69,895 then: 13. Which of the followint it a sument aiser? A provinion for bid debe C. account payables 14 Which of she following tratiactioni win be teaced as capital eopenditure in the accourts of a sole trafter? A. 612,000 spent or prechming a micta-cacoucir far sait B C15,000 drawings to boy a new televelen sets tor the Frogrieter. C ci.500 spent oen the porchase of a new 7ype we tier ua replact the old one D. 63.560 pald to a painter in repect of effice gecerstice (A) (i) and (iw) oriy (B) bile (ii) and (ai) onty. (C) (ii). (iii) and (w) only (D) (i), (ii) and (V) only (D). What is the balance on the fotiowing andount on 11 Mtary 2008? (A) A debit balance of c11725 (A) A credit balance of tlaw0 A credit busiance of chave (D) A credit balance of c9ves 17. What would have been the balance on then acceget ef coomsen an 17 May 200m? (A) A debit balance of 6526 (6) A credt bulance of cuco (C) A debit balance of cists (D) A credebaluce of 18. What it the double entry rule for posting a transaction in the nomind accourthledgen? A debit all expenses, covt and lowsezcrest all gims yrafits and revenue B. every debit entry muat hyre a corrapondinc credt enthy c. every credit entry must have a comeiobeshaccedit entry D debit increase in askets, credt a cecrease is msits 19. Given an open debtors account of ch0.673. credt sales of c69,875, cash sales of c34,562. The closing account recelvatiles will be A 4160,549 B B c125,987 c c135,111 o c135,587 20. A businest had net assets of 675,600 at 1 twnuary and 31 December, 2009 of 673,800 . During the year, the proprietor introd ceed adbstonal capitil of e37,700 and withdrew cash and goods to the value of 616,300 . What profit or loss was made by the busliness in 2009 ? A 63,200 ioss iB c c 6200c400 profit 0 cj 200 probit