Explain all the concepts

Question:1Explain Fundamental Accounting Assumptions?

Question:2Explain Objectives of getting ready Trial Balance?

Question:3Explain Accounting shows?

Question:4Explain Machine Hour Rate technique for figuring devaluation?

Question5: The following blunders were submitted by the Accountant of anie co..

(i) Credit offer of $400 to Tron and Co. was presented on the credit of their record.

(ii) Purchase of $420 from Michele and Co. gone through Sales Day Book as $240 How might you correct the mistakes expecting to be that :

(a) they were identified before planning of Trial Balance.

(b) they were identified after planning of Trial Balance yet prior to getting ready Final Accounts, the thing that matters was taken to Suspense A/c.

(c) they were identified subsequent to planning Final Accounts.