PLEASE CHOOSE THE CORRECT ANSWER AND INCLUDE AN EXPLANATION FOR THE CHOICE GIVEN. EXPLAINATIONS, EXPLAINATIONS

8. A B. How is working capital calculated? current assets - current liabilities fixed assets current liabilities owner's equity -- Current liabilities D. total assets - current liabilities C. [0] 9. What information does the Balance Sheet of a business show? gross profit A. B. cost of sales C. total expenses D total equity [0] 10. A Which is shown as an asset in a Balance Sheet? A credit balance on a supplier's account. A credit balance on the business" bank account c. A debit balance on a customer's account A debit balance on the Drawings account. B D. [1] 11. A. Which of the following is a liability? advertisement paid in advance provision for bad debts c. rent paid on first day of the month unpaid wages B D [0]