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As in accounting inflation is the rise in price of any goods or commodity, which helps accounting to persue the relevant terms & condition according to the market condition.
Wiki User
∙ 11y ago
Wiki User
∙ 12y agoan inflation account is that which shows continuing rising of prices of goods and services
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What does Vertified Account mean?
that means you can use your account
What does Account Description mean?
Account description varies from place to place. For instance, an account description for a gas account would mean the unique name that you create for each payment.
What Does Bank Account Name mean?
It is the name of the account holder
What does it mean if your account is debited?
It simply can mean anything. If its a personal account it means I received something. If its a Real Account then that means that an asset has increased. etc etc etc....
What is a closed account permanently mean?
A account that has closed permanently is when a account has been closed forever basically.
Does inflation rob you of your savings?
Yes and no. If your "savings" are not in a savings account, then technically yes. This is because your savings will slowly lose its purchasing power as inflation happens (emphasis on slowly, you will only "lose" 1-5% annually unless inflation spikes in a bad way). If your savings is in a savings account and is accruing interest, then no. This is because the interest will make up for the inflation.
Do future value calculators account for inflation?
No. Future Value Calculators use a set amount, payment and interest fee to calculate. If you need to apply the inflation factor, you will need to use an Inflation Calculator.
How can you calculate the loss of real value in a 10000 savings account if inflation is 10 a year for 3 years versus the loss of real value if inflation remains around 3. How much less would that savi?
...savings account be worth if inflation goes up? (For this exercise, do not consider interest paid.)
How would a relatively high home inflation rate affect home country's current account other things being equal?
Inflation, which is the rise in prices of goods and services within a country, could cause a deficit, or at least an imbalance (depending on the length of the higher inflation time period) in the current account.
Is it false that the poverty guideline are adjusted each year to account for the inflation rate?
yes
Is it false that the poverty guidelines are adjusted each year to account for the inflation rate?
yes
Inflation distorts relative prices. What does this mean and why does it impose cost to consumers?
Inflation distorts relative prices. What does this mean and why does it impose a cost on society?
What is the risk of a money market account?
The biggest risk is that the interest you earn will not keep up with inflation.
What are the causes through which nominal GDP had doubled overnight?
through inflation as nominal GDP does not account for it
What is the relationship between current account deficit and inflation management in India?
The larger the deficit the more inflation there will be. The government will print more money in the hopes of being able to get out of the deficit easier.
What did WIN mean?
WIN meant "Whip Inflation Now."
The term real wages refers to wages that are?
an indication of an individual's actual purchasing power.
