Please see the picture

Victor has a construction business. At the end of the current financial year, Victor realised that one of the customer invoices that had been sent to the customer was recorded incorrectly in the accounting system as 5 4,500. The correct amount should be $ 5,400. What type of error has Victor made in his accounting system? Select one: Q a. Transposition error b. Single-entry error 0 O c. Double-entry error 0 d. Incorrect entry What is the name of the expense in the Income Statement, which represents the purchase price of the goods which were sold during the period? Select one: Q a. Stocks b. Cost of sales 0 O c. Stock loss 0 d. Gross profit Non-current assets are best described as: Select one: Q a. Assets that provide economic benefit for only one year. O b. Only tangible assets that provide economic benefit beyond coming year. O c. Asset that are depreciated for a maximum for 10 years 0 d. Tangible and Intangible assets that provide economic benefit more than one year The main reason for a company preparing a cash flow statement is: Select one: Q a. To comply with legal requirements. 0 b. To show the financial position of the company at the end of a period. 0 c. To show the profit or loss of the company for the period. 0 d. To show, in a standard format, the sources and uses of cash during the period