Question

The method of adjusting accounts to price changes, where all items in the financial statements are restated in terms of a constant unit of money is called _________​

Answer 1

Inflation accounting is the practice of adjusting financial statements according to price indexes. Numbers are restated to reflect current values in hyperinflationary business environments.

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Answer 2

→ Inflation accounting is the practice of adjusting financial statements according to price indexes. Numbers are restated to reflect current values in hyperinflationary business environments.

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