Do give explanation with your answer.

1.Please classify whether it is right and wrong.

(i)Gadot bought products worth $75,800 at 5% exchange markdown and she paid portion of the sum in real money. The sum showing up in the buy book is $36,005.

(ii)All the individual and genuine records are recorded in P&L A/c.

(iii)Amount spent on the substitution of destroyed piece of machine is Capital Expenditure.

(iv)When shutting stock is exaggerated, net gain for the bookkeeping time frame will be downplayed.

(v)The extra commission to the recipient who consents to bear the misfortune by virtue of terrible obligations is called abrogating commission.

(vi)Goodwill is immaterial resource hence it can't be esteemed.

(vii)Interest on brings financially past due is payable by organization to investors.

(viii)Outstanding pay rates for the earlier year will be appeared as risk in the current year asset report.

(ix)Debenture holders appreciate the democratic rights in the organization.