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INFLATION ACCOUNTING: MORE QUESTIONS THAN ANSWERS
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---15augustus 20242024/2025A+
- WHAT OTHER PEOPLE SAY 
The discussions on the limitations of historical cost accounting and the way forward has attracted 
comments, findings and suggestions from all angles including committees, researchers and 
standard setters. 
Early accounting scholars such as Solomon (1986) in his book “Making Accounting Policy” 
argued that neither the historical cost accounting information on financial position is relevant to 
the enterprise at the accounting date nor the income information fai...
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