Answer Happy

a. 3. Polish Accounting Act states that assets are listed in the balance sheet according to: increasing liquidity; b. decreasing liquidity; increasing durability; d. decreasing durability; c. 4. The opening balances and increases on an equity account are recorded: a. only on the debit side; b. only on the credit side; on the debit or credit side, depending on the scope of existing analytical accounts; d. on the debit or credit side, depending on the character of a transaction; C. 5. Liabilities include: a. long-term investments, b. debts of an organization; C. cash and short-term investments, d. accounts payable; 1