Accountant you destroy your co´s retained income

[Nick Smith]

"Yes Nick, this really is a short coming of historical cost accounting that it doesn’t take account of inflation and does assume that the currencies of the countries remain stable."

Your answer is the typical accountant´s answer everyone is doing it, so what.

I am going to bring it to everyone´s notice how many hundreds and hundreds of billions of USDollar are being destroyed by accountants who do not even know that they are doing it.

Imagine. Hardly any accountant even know that he or she is doing this.