profile-img
N. K. Gupta posted an Question
September 18, 2021 • 17:09 pm 30 points
  • UGC NET
  • Commerce

What is the meaning of inflation accounting in simple

what is the meaning of inflation accounting in simple

1 Answer(s) Answer Now
  • 0 Likes
  • 1 Comments
  • 0 Shares
  • 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.

    cropped723636635091142975.jpg
    eduncle-logo-app

    sorry sir but i not understand please explain in short and simple

whatsapp-btn

Do You Want Better RANK in Your Exam?

Start Your Preparations with Eduncle’s FREE Study Material

  • Updated Syllabus, Paper Pattern & Full Exam Details
  • Sample Theory of Most Important Topic
  • Model Test Paper with Detailed Solutions
  • Last 5 Years Question Papers & Answers