Definicja inflation adjustment account

Co znaczy INFLATION ADJUSTMENT ACCOUNT:

A G/L account that you use for the purpose of recording inflation adjustments.

An inflation adjustment is typically posted to a balance sheet account, with the offsetting posting on a profit and loss account:

The balance sheet account is typically the account that is adjusted, but in some cases, you may be required to record the adjustments separately on a contra account. The profit and loss account is often known as the inflation adjustment gain or loss account.

Example

You have UNI 1,000,000 of gold, which is to be adjusted for inflation, which is running at 20%. This gives an inflation adjustment of UNI 200,000, which you post to the gold account (or the corresponding contra account). You make the offsetting posting to an inflation adjustment gain and loss acount.