Which of the following measurement models of accounting equate with the perspectives of maintaining the purchasing power of capital intact?

Question

Quizplus · Accepted Answer

General price-level adjustment accounting is a measurement model that adjusts financial statements for changes in the general price level of goods and services. The aim of this model is to maintain the purchasing power of capital, thereby reflecting the true economic value of assets and liabilities. B) Current cost accounting measures assets and liabilities at their current market prices, but this does not necessarily reflect the inflationary impact on purchasing power. C) Continuously contemporary accounting is not a recognized measurement model.

Which of the Following Measurement Models of Accounting Equate with the Perspectives