please answer all the questions immediately

7. It is the process of incorporating in the balance sheet or income statement an item that meets the definition of an element of financial statements. * (1 Point) Measurement Realization Recognition O Allocation 8. Debits (1 Point) Increase assets and equity and decrease liabilities expenses and revenue Increases assets and decreases expenses liabilities revenue, and equity Decrease assets and expenses and increase liabilities, revenue and equity Increase assets and expenses and decrease liabilities revenue and equity 9. Incurring an expense for advertising on account would be recorded by: * (1 Point) 0 Crediting assets O Debiting an expense Debiting liabilities O Debiting assets 10. Which of the following accounts has a debit balance? * (1 Point) o Accounts payable o Accrued taxes Accumulated depreciation Bac debts expense 11. Which of the following documents does not initiate an entry to be made in the accounts? * (1 Point) Purchase orders O Sales invoice O Credit memorandum Purchase invoice ho 12. The normal balance of an account is on the (1 Point) Debit side of the account Side represented by decreases in the account balance Side represented by increases in the account balance Credit side of the account * 13. One of these is not a transaction that can be recorded by the accountant. (1 Point) O Owner took home some goods costing P 500 for personal use. Ordered supplies from National Company. Gave an advance payment of P 2,500. Two employees were hired and signed a six lionth contract for P 50,000. Money borrowed from the bank was used to purchase equipment costing P 75,000