If an investment of R50 000 is made in a fixed deposit account on 01 September 2022 and the interest on fixed deposit is R2 000 for the financial year ended 28 February 2023, then one may conclude that the interest rate on the fixed deposit is 8% per annum TrueFalse The insurance total in the pre-adjustment trial balance of AVI Stores on 30 June 2023 (the end of the financial year) was R30 000. The amount included an insurance premium of R6 000 that was paid for the period 01 November 2022 to 31 October 2023. Which of the following statements is true? A. The current liabilities will increase by R2 000 B. The current assets will increase by R4 000 C. The insurance expense for the year ended 30 June 2023 was R28 000D. The profit will decrease by R24 000

If an investment of R50 000 is made in a fixed deposit account on 01 September 2022 and the interest on fixed deposit is R2 000 for the financial year ended 28 February 2023, then one may conclude that the interest rate on the fixed deposit is 8% per annum TrueFalse The insurance total in the pre-adjustment trial balance of AVI Stores on 30 June 2023 (the end of the financial year) was R30 000. The amount included an insurance premium of R6 000 that was paid for the period 01 November 2022 to 31 October 2023. Which of the following statements is true? A. The current liabilities will increase by R2 000 B. The current assets will increase by R4 000 C. The insurance expense for the year ended 30 June 2023 was R28 000D. The profit will decrease by R24 000