Question: Q:1 For recording liability, the IASB Framework lists a number of different measurement bases which are employed in different degrees and in varying combinations in

Q:1 For recording liability, the IASB Framework lists a number of different measurement bases which are employed in different degrees and in varying combinations in financial statements. Discuss these bases with examples.?

Q: 2 The sources of company finances may be various and complicated. Equity capital is the main source of company finances, what are the different types of share capital?

Q:3 Explain why the going concern basis is important in understanding?

Q: 4 Balance sheet can be prepared in vertical, net asset and horizontal format. What is the difference between these formats?

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