The AASB has examined a number of different accounting measurement systems that may be used in the future as alternatives to the historical cost system.Which of these is not one of those systems?

Question

Quizplus · Accepted Answer

The AASB has examined general price level accounting, relative current value accounting, and current value accounting as alternatives to the historical cost system. Barter value accounting is not a measurement system that has been considered by the AASB.

The AASB Has Examined a Number of Different Accounting Measurement