Place the objectives of Inflation Accounting in the correct sequence of their logical outcome.
1
Reveals Accurate Financial Position → Accurate Depreciation Calculation → Prevents Profit Exaggeration → Facilitates Inter-Period Profit Comparison
2
Prevents Profit Exaggeration → Reveals Accurate Financial Position → Facilitates Inter-Period Profit Comparison → Accurate Depreciation Calculation
3
Accurate Depreciation Calculation → Prevents Profit Exaggeration → Reveals Accurate Financial Position → Facilitates Inter-Period Profit Comparison
4
Facilitates Inter-Period Profit Comparison → Accurate Depreciation Calculation → Prevents Profit Exaggeration → Reveals Accurate Financial Position