what is inflation accounting
Answer / sameer.d.ghadge
Alteration of a firm's financial statements to account for
changes in the purchasing power of money. With inflation
accounting, gains and losses from holding monetary items
during periods of changing prices are recognized. Likewise,
long-term assets and liabilities are adjusted for changing
price levels. Inflation accounting is used to supplement
regular financial statements in order to illustrate how
changing price levels can affect a firm. Also called
general price level accounting.
Is This Answer Correct ? | 10 Yes | 6 No |
Expand A O
apptitude Questions for accounts payable job
1 Answers Accenture, Airtel, Call Centre, WNS,
how we can show cash deposited in sbi? in tally (i.e.at the place of Account what we have to post) (at the place of particulars what we have to post)
intorduse your self ? what to say if iam fresher.
duties of bank finance manager
Hai i am mathi Preparing for bsrb clerical examinations.If anybody had that please mail me at mathiy@rediffmail.com
how the loss on sale of furniture will be entered in accounting books
if i get rs.10000 pm as salary what is the pf rates ?
income from depreciated asset is profit or loss?
What is meant by Kpo?If possible tell me the process too?
EXPAND______________PGDC
Expand DDO?