What are purchasing power gains and losses vs holding gains and losses?
What are purchasing power gains and losses vs holding gains and losses?
Homework Answers
Purchasing power and gains arise as a result of holding net
monetary assets or liabilties during a period when the price level
changes
monetary assets and liabilities include cash and receipt/payments
in fixed monetary terms
Holding Gains and losses on non monetary/ real assets are of two
types:
a)one which arise due to change in general price level during the
period known as monetary holding gains and losses
b)real holding gains and losses which are difference between
current year amounts with indexed base year amounts (adjusted base
year values)
these are only capital adjustments and not included as part of income
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What are purchasing power gains and losses vs holding gains and
losses?
What should accounting students know about holding gains and losses. Open ended question, will thumbs up.
What should accounting students know about holding gains and losses. Open ended question, will thumbs up.
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