Question

5. ?Own capital/equity and its recording according with focus on:

A. forms of own capital distinguished in accountancy

B. process of creating, increasing or decreasing of basic capital in different legal forms of an accounting unit

C.operations with own shares and own shares recording

D. substance and recording of profit and loss

6.?Borrowed capital/liabilities and their recording focused on:

A.concept and classification of borrowed funds

B.valuation of borrowed funds, ways of credit interests accounting

C. substance of reserves and ways of their accounting, reserves and their managerial application

D.issued bonds and ways of their recording

E.leasing recording according to IFRS standards

Answer 1

As per popular accounting equation

• Assets = Liabilities + Owners' Equity

answer 5) focus on

A. forms of own capital distinguished in accountancy

B. process of creating, increasing or decreasing of basic capital in different legal forms of an accounting unit

C.operations with own shares and own shares recording

Answer 6) focus on

A.concept and classification of borrowed funds

B.valuation of borrowed funds, ways of credit interests accounting

D.issued bonds and ways of their recording