A explain the primary objective of current purchasing power, Accounting Basics

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A explain the primary objective of current purchasing power

(a) Explain the primary objective of current purchasing power accounting and outline the basic technique.

(b) What do you consider are the advantages and disadvantages of current purchasing power accounting as a method of adjusting financial statements for price level changes?

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Accounting Basics: A explain the primary objective of current purchasing power

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Accounting Basics: A explain the primary objective of current purchasing power

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