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Nilanjan Bhowmick AIR 3, CSIR NET (Earth Science)
Rucha rajesh shingvekar Best Answer
Inflation accounting is the practice of adjusting financial statements according to price indexes. ... The IFRS defines hyperinflation as prices, interest, and wages linked to a price index rising 100% or more cumulatively over three years. Inflation accounting refers to the process of adjusting the financial statements of a company to show the real financial position of the company during inflationary period. It is a special accounting technique that is used during the period of high inflation.
sorry sir but i not understand please explain in short and simple