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myeleaming. Question 6 Not yet answered Marked out of 1.00 PFI. Account Payable is a O a. Liability O b. Capital O c. Income O d. Drawings Question 7 Not yet answered Marked out of 1.00 Which of these processes leads to the preparation of journal? O a. Communication b. Summarizing c. Recording ed. Classifying O d. Classifying Question 8 Not yet answered Marked out of 1.00 What is the full form of GAAP? O a. Generally Asked Accounting Principles O b. Generally Accepted Accounting Principles O c. Generally Augmented Accounting Principles O d. Geographically Applicable Accounting Principles Question 9 Not yet answered Marked out of 1.00 Which of the following is the excess of income over expenses? O a. Profit b. LOSS C. Asset d. Equity Question 10 Not yet answered Marked out of 100