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Question 2: In current purchase power accounting, why is it necessary to consider monetary items separately from non monetary items? Discuss with suitable examples. Why

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In current purchase power accounting, why is it necessary to consider monetary items separately from non monetary items? Discuss with suitable examples.

Why does holding monetary items lead to a purchasing power loss, but holding non monetary items dose not lead to a purchasing power loss? Discuss with suitable examples. (7 Marks)

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