Which of the following statement relating to capital expenditure is false? Select one: a. It will increase owner's equity of the business O b. It is an expenditure which involves cash. O c. It will decrease owner's equity of the business. O d. It is an expenditure that improves the asset's in workable condition. Which of the following enable users to get information of profit or loss of a company? Select one: O a. Bank reconciliation statement. b. Cash flow statement c. Balance sheet d. Income statement O An allowance for doubtful debts account is created to estimate: Select one: O a. The expected number of debtors. O b. The amount of expected bad debts. O c. The expected number of creditors. d. The amount of expected bad debts recovered