What do you mean by stable monitory unit in accounting?

Accounting presumes that the purchasing power of monetary unit, say Rupee, remains the same throughout, thus ignoring the effect of rising or falling purchasing power of monetary unit due to deflation or inflation. In spite of the fact that the assumption is unreal and the practice of ignoring changes in the value of money is now being extensively questioned, still the alternatives suggested to incorporate the changing value of money in accounting statement, current purchasing power method (CCP) and current cost accounting method (CCA) are in evolutionary stage.


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