Profit Measurement and Price Changes

actual additions adopted applied balance sheet book value boom calculated cent change of basis Chapter charge closing stocks Colin Clark computed concept conventional correction cost basis cost of replaced current cost current money terms deducted depreciation dividends downtrend effect example Fifo firm fixed assets forward contracts gross historical cost increase indices inflationary initial allowances inventory profits investment in stocks involve Lifo ment method millions money income motor van national income opening prices opening stocks original cost period planned savings pounds price index price level price movements profit and loss profit measurement proposed purchasing power raw material prices raw material producers real capital reduced regarded replaced stocks replacement costs represent retained profits retrospective adjustment revalorized revalued sales proceeds selling prices shareholders slump sold stock costs stock replacement reserve stock values stocks and fixed tax purposes taxation terms of trade trade cycle uptrend volume of stocks wear and tear whilst written-down value