Explain question 27 to 36 ..with answers ??

vilat entry is passed when all 27.Identify the compensating error.(Highly asked question) 28. Does insurance goes in the cost of inventory? 29. What are the two criterion for recognizing an asset as a non-current asset according to IAS 16 property, plant and equipment? 30. What are the points of a partnership agreement? 31. What are the components of a non-current asset register? 32. If the overheads are over/under absorbed. How will it effect SOFP? 33. Which ok the following increases the profit share of partners? i) Goodwill ii) Salaries iii) loc iv) IOD 34. If the overheads are under absorbed, the profit will be:- i) Overstated ii) Understated 35. NRV, which accounting concept does it apply? 36. Consider the following statements:- TRUE FALSE i) sales tax is a direct type of taxation ii) Every business must be sales tax registered 37. Arthur and louis are in partnership sharing equal profits. George is also