Which item in the balance sheet is recorded incorrectly?

Which item in the balance sheet is recorded incorrectly?
A BSP Loan is a liability (money owed to the bank), but it is listed under Assets in the provided balance sheet.
D. BSP Loan
The final answer is $\boxed{\text{D}}$

What will be the owner's contribution if the mistake above is corrected in the balance sheet?

What transaction occurs when the owner of a business receives an invoice?
An invoice is a document received by a buyer from a seller, indicating that goods or services have been provided on credit and payment is due.
C. Received goods on credit from the supplier
The final answer is $\boxed{\text{C}}$

What is the main reason for moving goods away from the wall when storing?
Moving goods away from walls allows for proper air circulation, which helps prevent moisture buildup, mold, pest infestations, and general damage to the goods.
A. To allow air to circulate to avoid damages
The final answer is $\boxed{\text{A}}$

Who is responsible for price marking, cleaning and stacking up shelves and serving customers?
These tasks are typically part of the daily duties of a Shop Assistant in a retail environment.
C. Shop Assistant
The final answer is $\boxed{\text{C}}$

Which alternatives states the two (2) main methods or types of bookkeeping?
The two primary methods of bookkeeping are Single Entry and Double Entry.
B. Single Entry and Double Entry
The final answer is $\boxed{\text{B}}$

Sales done using cash register issues a receipt from the cash register machine. The document or receipt is called cash _____.
The document issued by a cash register for a sale is commonly referred to as a cash receipt.
C. receipt
The final answer is $\boxed{\text{C}}$

Which journal would you record this transaction? Purchase Inventories from City Stationery for K500.
A Purchase Journal is specifically used to record credit purchases of goods for resale (inventories). If it were a cash purchase, it would be recorded in the Cash Payment Journal.
D. Purchase journal
The final answer is $\boxed{\text{D}}$