Which of these is a defence of current cost accounting?
A)It is the most objective of the proposed accounting methods
B)Relevant current events of the accounting period should be accounted for to maintain the usefulness of accounting information for decision-making
C)It specifically recognises future technological changes in profit determination
D)All of the above are defences

Question

Quizplus · Accepted Answer

Relevant current events of the accounting period are considered in current cost accounting to ensure the accounting information remains useful for decision-making. This approach helps in reflecting the true economic impact of transactions by considering the current cost, thereby aiding in more relevant and timely decision-making.

Which of These Is a Defence of Current Cost Accounting