In the fifth grade takes into account the bank's capital

It involves been introduced capital, retained earnings and determines the residual interest of owners of the bank's assets minus liabilities. The financial result of the bank, as already noted, is directly reflected in the accounts of this class in retained earnings. The structure of the fifth class of accounts of commercial banks Class 5. The bank's capital 50 Share capital and other funds, the bank authorized capital 500 501 502 Total emission difference bank reserves 503 results 504 results of previous years last year, pending approval for-1 May results 510 results revaluation revaluation fifth class includes components of bank's own funds, " share capital and reserve capital of the bank; • retained earnings, "The results of the revaluation of fixed assets and intangible assets. Reserve capital of the bank must provide the bank's liabilities and to cover losses. Under current rules the fifth grade may account corresponded with debtors, creditors and cash accounts just in case payment of dividends and contributions from shareholders, the bank's capital increase through revaluation of assets. In all other cases, the accounts fifth grade corresponded only with each other. The sixth and seventh grades reflect the operations associated with the formation of income and expenses, which provide activities of commercial banks (Table . 1.15). All revenues and expenses recorded in the accounts of these sections, regardless of the order of taxation. Topic: The role of accounting in the management of the bank, its types and destination