INFLATION ACCOUNTING Definition

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INFLATION ACCOUNTING is a system of accounting which, unlike historical cost accounting, takes into account changing prices.

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ACCRUED INCOME is income earned during a fiscal period but not paid by the end of the period.

STOP-OR-GO SAMPLING is taking a sample from a population and checking after each sample item is drawn whether the sample supports a desired conclusion. Sampling ceases as soon as that conclusion is supported.

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