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