Current location - Trademark Inquiry Complete Network - Futures platform - If the accounting measurement attributes change, will there be any impact on the accounting equation? Is it still true? Why?
If the accounting measurement attributes change, will there be any impact on the accounting equation? Is it still true? Why?

Changes in accounting measurement attributes do not affect the balance of accounting identities. For example: The opening inventory is measured at historical cost, and the ending inventory is measured at the lower of historical cost and net realizable value. Assume that the historical cost of futures is 10 yuan and the net realizable value at the end of the period is 5 yuan.

Debit: Asset impairment loss 5

Credit: Provision for inventory decline 5

Assets + expenses = liabilities + owners’ equity + income

< p>Expenses increase and assets decrease, which does not affect the balance relationship of the accounting identity.