Ravi kapoor Asked a Question
April 29, 2021 2:30 pmpts 30 pts
A97. With reference to Inflation accounting, which of the following is not correct? A. Inflation accounting is a term describing a range of accounting models. B. It is designed to correct problems arising from historical cost accounting in the presence of high inflation and hyperinflation. oide C. Inflation accounting is used in countries experiencing high inflation or hyperinflation. D. Inflation accounting is a fair value accounting.
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  • Rucha rajesh shingvekar thankyou
    All other options are correct.
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  • Rucha rajesh shingvekar Best Answer
    So correct answer is option (d) Inflation accounting is not fair value accounting. Inflation accounting, also called price level accounting, is similar to converting financial sta...
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