The “Gross” concept of income accounting can be changed to “Net” concept by:
A. Adjusting for inflation
B. Adjusting for Exchange rate fluctuations
C. Adjusting for Bad debts of banks and other financial institutions
D. Adjusting for Depreciation
Answer:D
The “Gross” concept of income accounting can be changed to “Net” concept by:
A. Adjusting for inflation B. Adjusting for Exchange rate fluctuations C. Adjusting for Bad debts of banks and other financial institutions D. Adjusting for Depreciation