Which of the following statements is incorrect? Select one: a. Liabilities + Capital - Assets. b. Assets - Liabilities = Capital. C. Assets - Capital = Liabilities d. Liabilities + Assets - Capital. Which of the following are correct? Account to be debited Account to be credited Bank Commission received ii. Cash Received commission by cheque Paid rates by cash Paid motor expenses by cheque Received refund of insurance by cheque Rates expenses Motor expenses iii. Bank liv Insurance Bank Select one: a. ii, iii and iv only. b.iii and ii only. c. i and ii only d. i, ii and iv only