PART B (10 MARKS) WINNING Enterprise is an accounting consultancy business in Kathmandu. Indicate the immediate effect of the following errors on each of the accounting elements described in the heading below using the following code: overstated understated U NE = no effect (Copy the table below answering. Do not copy the questions) Net Total Error Profit Assets Total Owner's Liabilities equity Example: Received $500 cash for services U U NE U rendered to a customer but recorded the transaction as $50. i. Capital invested by the owner amounting to $10,000 has not been recorded into the books of accounts ii. Depreciation of a vehicle for the year has been recorded twice in the books of account iii. Payment of wages to employees during the year has been debited in both the wages account and bank account iv. A transfer of cash from business's bank to business' cash in hand has been omitted for the books of account Cash discount allowed to clients has been recorded in the accounts receivable only