Accountancy, asked by saadahmedkhan, 5 months ago

Prepare profit and loss account and balance sheet using Current Cost acounting method under inflation accounting

Answers

Answered by sagarrajeshwari53

1

Explanation:

The generally accepted methods of accounting for price level changes are as under:

Current purchasing power method or general purchasing power method(CPP or GPP)

Current cost accounting method(CCA method)

A hybrid metho

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