Which one of the following is NOT an advantage of historical cost accounting?

Which one of the following is NOT an advantage of historical cost accounting?

A.Amounts of transactions are reliable and can be verified.

B.Amounts in the statement of financial position can be matched to amounts in the statement of cash flows.

C.It avoids the overstatement of profit which can arise during periods of inflation.

D.It provides fewer opportunities for creative accounting than systems of current value accounting.

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