1. Which of the following statement is valid? Statement 1. Human Resources Accounting, attempts to put a figure on the costs and benefits of an enterprise's operations in relation to society and environment. Statement II. Under Historical Cost Accounting, during inflationary periods, sales reflect current market prices whereas the purchases reflect earlier prices. a) Statement I only correct b) Statement II only correct c) Both Statement are correct d) Both statement are wrong 2. Which of the following statement is valid? Statement I: Under Current Purchasing Power Method, current values of individual items are taken as the basis for preparing financial statements Statement II: Under Current Cost Accounting, financial statement items are adjusted as results of the changes in the general price level. a) Statement I only correct b) Statement II only correct c) Both Statement are correct d) Both statement are wrong I 3. Due to which of the following reasons companies started using Human Resources Accounting? a) To recognize the talents and capabilities of the human resources. b) To provide details of total investment made in the business c) Both A and B are correct d) None of the above 4. Which of the following is not true about Human Resource Accounting? a) The amount invested in human resources treated as an expense b) The amount invested in human resources are treated as assets c) To facilitate effective management and utilization on financial resources d) To evaluate return on capital