ABSTRACT
Political stability in Nigeria has led to a marked improvement in the general operating environment in the country.  Hence capital maintenance is looked into in the period of inflation as the only way out.
The word inflation is not a new phenomenon; it has been experienced by most countries in the world at some stages in their history.  Mere looking at this statement, ones mind will really run to developing countries; but it is history that the UNITED KINGDOM in 1974 when they could no longer sit back and watch inflation ruin them set up the Inflation Accounting Committee with Fianers Sandilands as chairman, to look into the problem.
Since Nigeria’s inflationary trend is monetary, prices have been rising because many people including the government have been spending it.  This is to say that uncontrolled inflation can dislocate the economy and can cause social upheaval.  As such, this may create havoc if left uncontrolled.
 TABLE OF CONTENTS
Title page                            II
Approval page                        III
Acknowledgement                        IV
Table of contents                        VII
Abstract                            V
CHAPTER ONE
1.0    Introduction                            1
1.1    Statement of the problem                    10
1.2    Objective and Purpose of Study                11
1.3    The Research work hypothesis                13
1.4    The scope and limitations of the study            14
1.5    Definitions of terms                    16
CHAPTER TWO
2.0    Literature Review                        18
2.1    Historical Background                    18
2.2    Capital                            21
2.2.1    Capital accumulation structure                23
2.3    Inflation                            25
2.3.1    Types, causes and effect of inflation            26
2.3.2    Inflation and asset choice                    30
2.3.3    Inflation, taxation and corporate decisions        32
2.4    Capital maintenance and profit determination    46
2.5    Accounting and Inflation                    52
CHAPTER THREE
3.0    Research Design                        70
3.1    Sources of data                        70
3.2    Method of data analysis                    72
3.3    Area of study                        75
CHAPTER FOUR
4.0    Analysis and Interpretation of data             76
4.1    Data presentation                        76
CHAPTER FIVE
5.0    Summary, Recommendation and Conclusion        91
5.1    Summary of findings                    91
5.2    Conclusion                            93
5.3    Recommendation                        94
BIBLIOGRAPHY                        97
QUESTIONNAIRE                    99