Which of the following statements is TRUE? 90 Select one: 0 a. If the total of the debit column equals the total of the credit column in a trial balance, the business can be sure that no error has occurred. O b. A transaction must first be recorded in a ledger, before being posted to a journal. O C. An increase in a revenue account is recorded as a credit. O d. A drawing account has a credit balance. Kinabalu Berhad has assets of RM600,000, liabilities of RM250,000, and equity of RM350,000. It buys office equipment on credit for RM75,000. What would be the effects of this transaction on the accounting equation? Select one: O a. Assets increase by RM75,000 and expenses decrease by RM75,000. b. Assets increase by RM75,000 and expenses increase by RM75,000. C. Assets increase by RM75,000 and liabilities increase by RM75,000. d. Assets decrease by RM75,000 and expenses decrease by RM75,000. e. Liabilities increase by RM75,000 and expenses decrease by RM75,000. O O O O If during the accounting period the company's assets decreased by RM15,000, and equity increased by RM4,000, then by how much did liabilities change? Select one: a. Increase by RM11,000 b. Decrease by RM19,000 c. Increase by RM19,000 d. Decrease by RM11,000 If assets are RM99,000 and liabilities are RM32,000, then equity equals: o Select one: O a. RM67,000. b. RM198,000. c. RM131,000. d. RM99,000 e. RM32,000