Answer / naviii

Financial statements are prepared on historical costs and
fail to present a true and fair view of the business as
they do not consider price level changes. Inflation
accounting, on the other hand, is recording all the
financial and economic events of a business in terms of
current cost and discloses a true and fair view of the
business. But in India, there is an urgent need of a
generally-accepted inflation accounting method to keep pace
with the global system of accounting.

Expand ________CASE

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1 Answers   Genpact,

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EXPAND_______________TUDA

1 Answers  

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GAP Stand for

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2 Answers  

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0 Answers  

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