Interested to Buy Any Domain ? << Click Here >> for more details...
Answer Posted / sameer.d.ghadge
Alteration of a firm's financial statements to account for
changes in the purchasing power of money. With inflation
accounting, gains and losses from holding monetary items
during periods of changing prices are recognized. Likewise,
long-term assets and liabilities are adjusted for changing
price levels. Inflation accounting is used to supplement
regular financial statements in order to illustrate how
changing price levels can affect a firm. Also called
general price level accounting.
| Is This Answer Correct ? | 10 Yes | 6 No |
Post New Answer View All Answers
I have an S Corporation called Trend Foods Inc. I would like to make a division of that company that services computers and call that Trend Computer Service. I do not want to set up another Corporation for Trend Computer Service. Can I just make a division of Trend Foods and what paperwork do I need to fill out to make that happen? Thanks for the help, Jim
Pls Explain Accounting Standered 1,3,11,29
What is the quality of the accountant & rights ? hansika.kk@gmail.com
different between acconting and elective mathematics
What is accounts payable?
EXPAND______________ICC
How can we calculate the total income of the company.
Expand--------CMTS
What is Trade Recovery Estimate and how can we calculate it?
why you want to join the banking and finance industry?
Why closing stock appears both in trading and Balance sheet? Why does it doesnot appear in trail balance.
1. what is debenture? 2.Why company will issue shares? 3. What is audit? 4. What is the role of finance department? 5. What is mutual fund?
what is budgetory control and what are the types
closing stock at the end is comprised of %a purchase price of $60000,10% discount and 15% import duty.The stock can be sold for $70000 after incurring costs of $1950.Included in the purchase price is abnormal wastage of $2000.Transportation costs are $1000 and storage costs are $500,what is the value of the closing stock?
OUR BOOKS & ITR MISMATCH FOR RS.15000/- ON ACCOUNTS OF TDS ON RECIEPTS FY-09-10 . KINDY GIVE CORRECTION ENTRY TO MATCH THE BOOKS WITHI ITR. DEVENDRASINGH086@GMAIL.COM
