Which of the following would be included in the Income Statement and Statement of Financial Position?

a.	A Cost of Sales
b.	A Closing Inventory
c.	Trade Payables
d.	Trade Receivables

On the 1^st July a small business buys 20 items on credit at a price of Rf8 each. On the same day it sold 5 of these at Rf10 for cash and 5 more of these items at Rf12 on credit

What impact do the transactions have on the companys cash position?

a. Rf50 increase in cash

b. Rf50 decrease in cash

c. Rf110 decrease in cash

d. Rf110 increase in cash