Q:1 Business organizations can be classified into different legal forms. List and briefly explain the different forms of business organizations

Q:2 IAS 16 Property, plant and equipment identifies and describes two different models of accounting for tangible non-current assets. Discuss the importance of these two models

Q:3 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.