Answer: Option B. -> Increase in cash and an increase in capital
:
B
The investment of cash into business shall result in an increase in cash and an increase in capital.

Answer: Option B. -> Accounts Receivable
:
B
All of the above are liabilities except Accounts Receivable which is an asset.

Answer: Option D. -> Electricity bill paid
:
D
Out of all of the above, only Electricity bill paidis an expense. All the other are either liabilities or assets of the business.

Answer: Option D. -> All of these
:
D
Since GAAP (generally accepted accounting principles) is a collection of commonly followed accounting rules and standards for financial reporting, all of the above are the benefits of using GAAP while preparation of financial statements.

Answer: Option B. -> Business entity principle
:
B
Keeping the records of the business separate from the personal records of the owner of the business is said to be adherence to Business Entity Principle.

Answer: Option A. -> expenses are greater than income
:
A
Net Loss occurs when expenses are greater than income of a business.

Answer: Option A. -> Balance Sheet
:
A
Total of all accounts are reflected into the trial balance, which are ultimately reported in the balance sheet, but balance sheet is not an account whose total goes into the trial alance.

Answer: Option D. -> To ensure that the organization does not close down its operations in the near future
:
D
The purpose of the objectivity principle along with all of GAAP is to make financial statements more useful to investors and end users. The objectivity principle, specifically aids to ensure that financial statements are reliable and verifiable. Reliability means that the financial information is consistent and trustworthy to investors and end users. Verifiability means that the financial information can be proven with evidence and the findings can be duplicated. Both reliability and verifiability give usefulness to the financial statements.

Answer: Option D. -> Accounting Period Concept
:
D
An accounting period is the span of time covered by a set of financial statements. The business transactions are recorded date wise to create proper record for all transactions as per Accounting Period Concept.

Answer: Option A. -> Dual Aspect Principle
:
A
The dual aspect concept states that every business transaction requires recordation in two different accounts.