Which one of the following is not part of the qualitative characteristics of financial statements? A. Going concern B. Fair presentation C. Relevance D. Comparability Tasmas Traders charged a debtor R380 interest on her overdue account. Which one of the following statements is false? A. The debtor's personal account will be debited with R380 B. Assets will increase with R380 C. Liabilities will increase with R380 D. Owner's equity will increase with R380 Charles Corporate Gifts does not want to disclose water and electricity amounting to R5 500 owed for February 2021 in the financial statements, as they argue that the municipality accounts were never sent on time, and they have not yet paid the municipality. The yearend of Charles Corporate Gifts is 28 February. The two elements to be identified are: A. Expenses and assets OB. None of the options provided O C. Expenses only D. Expenses and liabilities Charles Corporate Gifts does not want to disclose water and electricity amounting to R5 500 owed for February 2021 in the financial statements, as they argue that the municipality accounts were never sent on time, and they have not yet paid the municipality. The yearend of Charles Corporate Gifts is 28 February. The accountant will therefor, have to adjust the water and electricity account. Which elements will this adjustment affect and how will they be affected? A. Increase expenses R5 500