Quenos 14 Not yet Increase in Provision for Doubtful Debts is recorded as Maried out of 100 Liability Asse! Expense Income Qum 13 Not yet A perpetual inventory system would likely be used by a Matador of 1.00 ago Automobile dealership Building materials store Grocery store Pharmacy Question 12 Not yet answered Net assets is calculated as Marked out of 1.00 Fixed Assets. Current Assets Fixed Assets - Current Liabilities Current Assets - Current Liabilities Total Assets. Total Liabilities Prag question Question 11 Not yet The following is an extract from the trial balance of Ammar's business at the year-end: answered Marked out of 2.00 Purchases and sales Returns Dr (5) 56,782 6,853 Cr ($) 71,736 4,932 Flag question The value to be shown in the income statement for net sales is: . The value to be shown in the income statement for net purchase is: 4 $49,929 $66,804 $51,850 $64,883 Question 12 Question 11 Not yet The following is an extract from the trial balance of Ammar's business at the year-end: answered Marked out of 2.00 Purchases and sales Returns Dr (5) 56,782 6,853 Cr( 71,736 4,932 P Rag question The value to be shown in the income statement for net sales is: $51,85 $49,929 $66,804 $64,883 The value to be shown in the income statement for net purchase is: Question 12 Queen 10 Not yet wered Prepaid expenses are Mand out of 100 Fag question Added to the concerned expence in the Income Statement Appears as a Current Liability Deducted from the concerned expense in the Income Statement No adjustment is required