Question: please help 1.1 When expense and asset accounts are increased, the (1) A. expense account is debited and the asset account is credited. B expense

please help

please help 1.1 When expense and asset accounts are increased, the (1)

1.1 When expense and asset accounts are increased, the (1) A. expense account is debited and the asset account is credited. B expense account is debited and the asset account is debited. C expense account is credited and the asset account is debited. D expense account is debited and the asset account is credited. 1.2 Which one of the following is not an example of a source document? (1) A. Original credit sales invoice B Original credit purchases invoice C Duplicate receipt D Bank statement 1.3 An unfavorable bank balance is an example of a/an (1) A. expense B current asset C non-current liability D current liability 1.4 The account of a debtor who is experiencing financial difficulty is written off. This is an example of the application of the (1) A matching principle B principle of consistency C prudence principle D principle of materiality 1.5 Which one of the following errors will be revealed by a trial balance? (1) A. A balance from the general ledger was not entered in the trial balance. B. A balance of a debtors account in the Debtors Ledger was incorrectly calculated. C. A purchase of stationery was debited to the equipment account in error. D. Rent received from a tenant was posted to the credit side of interest income account in the ledger. 1.6 The following information was extracted from the records of Boyle Stores for May 2020: May Units of Cost price inventory per unit 01 Inventory on hand 4 000 R20 14 Purchases 20 000 R22 21 Purchases 16 000 R24 31 Sales for May 2020 22 000 The value of inventory on 31 May 2020, using the First-In-First-Out (FIFO) method is_ (3) A R432 000 B R388 000 C R428 000 D R360 000Questions 1.7, 1.8 and 1.9 are based on the following information: The Debtors List given below was extracted from the books of Sippy Stores on 31 March 2020, before some errors were discovered: Debtor Debit (R) G. Fritz $ 600 R. Roman 5 300 H. Hammond 1 400 11 300 The following errors must now be taken into account to correct the debtors list: 1. A credit sale of goods for R640 to H. Hammond was erroneously posted to his account as R460. 2. A credit invoice issued to G. Fritz for goods sold was erroneously recorded in his account as sales returns, R600. 3. Interest charged at 12% p.a. on R. Roman's account that was overdue for three months was not posted to his account

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