Answer / raj

Increase in price of product due to less of supply in
compare of demand of the product

Answer / alok chandra ray

inflation is defined as the increase in general price level
with corresponding decrese in value of money.

Answer / pavan lingam

Inflation is a rise in the general level of prices over
time. It may also refer to a rise in the prices of a
specific set of goods or services

Answer / jithin joy jose

too much money goes after few goods

Answer / vatika

wen too much money chases little goods... it results in
inflation

Answer / ramu

Continous increase in the price of the products and
services is called as inflation.

Answer / fazil

Re: what is inflation?
Answer
# 1 price of products and services increases is called as
inflation

is outstanding items (either expences or incomes) comes in trial balance? if so how to treat them in financial statements

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