1) ERROR OF PRINCIPLE
2) Rs. 500,000/-.
3) 14,40,000
4) Profit=2,00,000
Explanation:
1)
Error Committed by Mr. Imran is "ERROR OF PRINCIPLE" . Error of Principle Means a transaction which is not in accordance with Generally accepted accounting principle( GAAP). In this case Mr. Imran has wrongly debited to revenue expenditure instead of debiting to Plant and machinery.
2)
The assets side of Balance sheet is understated by Rs. 500,000/-.
3)
Fixed Assets correct amount= Fixed assets before correcting the errors + installation charges
=9,40,000+5,00,000
=14,40,000
4)
Correct Profit= Profit/(loss) Before correcting the error+Installation Charges
Profit= (3,00,000)+5,00,000
Profit=2,00,000
The asnwer to this question is <span>kinesthesia
</span>kinesthesia refers to the concious movement of <span>the parts of the body by means of sensory organs in the muscles and joints area.
In specific type of sport such is cycling, this movement focused on the joint and muscle positioning that is done in order to leverage enough force to turn the wheel.</span>
Option D
If a startup pioneers an industry or a new concept within an industry, the name recognition the startup establishes may create a formidable nontraditional barrier to entry referred to as a(n): first-mover advantage
<u>Explanation:</u>
The first-mover advantage commits to a benefit obtained by a company that prime proposes a commodity or service to the business. The first-mover advantage enables a company to build powerful brand recognition and product/service reliability ere other competitors.
First movers in an industry are nearly constantly supplanted by opponents that strive to gain on the first mover's success and grow market share. The limitations of first movers cover the chance of products being duplicated or enhanced upon by the opposition.
Answer: $8
Explanation:
Total loan is $3,000
Monthly instalments of $258
Tenor of 12 months
Total interest paid on loan = $258 x 12= $3,096
Interest = $3,096 - $3,000 = $96
Apr = $96/$3000= 0.032
= 0.032 x 100
= 3.2% annual rate
= 3000 x 3.2%
= 96/12 = $8
The government place price ceilings, such as rent control, on some essential goods because of the reason of limiting <span>the impact of equilibrium pricing. This will also limit the direct increase of the prices of the goods. This will also help regulate the flow of prices in the market.</span>
