Question 2 of 20 1 Points Which on of the following statements is correct? A posting to the debit side of a ledger account will, where applicable, always have the effect of A. A decrease in the amount of an income account. B. a decrease in the balance of an asset account. C. an increase in the balance of a liability account. D. a decrease in the amount of an expense account. E. a increase in the amount of an equity account. Reset Selection Which one of the following transactions will result in a change in the equity of an entity operating on a bank overdraft? OA. A cheque issued in payment of a creditor's account B. Property bought on credit. OC. A cheque issued for payment of assets purchased for cash. OD. A cheque received from a debtor in payment of his/her account. OE. A cheque issued for payment of salaries. Reset Selection Question 4 of 20 1 Points Sere Traders sold inventory on credit to M Singh for R4 500 in which journal of Sere Traders will this transaction be recorded in? O A. Purchases Journal B. General Journal C. Sales journal D. Purchases returns journal E. Sales returns journal