State with reason whether the following statements are true or false.

i. Goods amounting to Rs 6,000 taken by the proprietor for personal use should be credited to purchase account.

ii. Rent paid account is a nominal account whereas rent received account is a real account.

iii. Amount paid to the management consultant company for consultancy to reduce the working expenses is a revenue expenditure.

iv. Petty cash is an expense.

v. All receipts and expenses of capital nature are shown in receipts and payments account.

vi. Loss of stock is said to be abnormal loss which is due to inherent characteristics of the commodity.

vii. Rectification of errors are necessary to tally the trial balance.

viii. A company can reopen and amend the financial statements once that has been adopted by the shareholders at an annual general meeting?