(A) debit
(B) credit
(C) credit – debit
(D) none of these

(A) $1000
(B) $1200
(C) $1300
(D) $1500

(A) $1000
(B) $1200
(C) $1300
(D) $1500

(A) inventories
(B) expenses
(C) sales
(D) purchases

(A) inventories
(B) expenses
(C) income
(D) debt

(A) liabilities
(B) expenses
(C) fixed assets
(D) current assets

(A) $75,000
(B) $60,000
(C) $30,000
(D) $15,000

(A) payable
(B) receivable
(C) expenses
(D) advances

(A) depreciation
(B) substance over form
(C) residual value
(D) net book value

(A) residual value
(B) net book value
(C) depreciation
(D) substance over form