SECTION B Fill in the blanks with the answer that BEST suits the statement given . 1. The summarizes the accounting equation in report format 2. Accounts are typically displayed in format before the trial balances is drafted 3. is the recording , reporting , analysis , is , and interpretation of economic data for use many groups within our economic and social systems 4. The side of a "T" account is called the debit side and the side is called the credit side 5. A _ would be presented to show from what sources the enterprise obtained cash during the year and how the cash was used Examine the list of expenditures below and place a'C' or "R' in the column to the right to indicate whether the expenditure is capital or revenue Expenditure Type of Expenditure 1. Purchase of a motorcar 2. Cost of unleaded gas for motor car 3.Repairs to motorcar 4. Fitting a motorcar with su sunroof 5.Insurance of motorcar 6.Purchase of a secondhand machine 7.Cost to get secondhand machine ready for use 8.Construction of a new building 9. Cost of painting new building 10. Cost of repainting building five years later