Inflation Accounting in Terms of Tax Legislation and Accounting Standards in Turkey

Özet

Inflation is the level of prices increasing at a substantial rate over some time, thus requiring more money each year to buy a given amount of goods and services. Financial statements are instruments of an enterprise that show the financial situation and outcomes of functions. In high inflationary periods, if they are reported in the monetary unit of the identicalhyperinflationary economy they do not reflect the real financial situation and activity outcomes of an entity. Many arrangements have been made to prevent the negative effects of inflation on the presentation of financial tables in…

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