Difference between revisions of "Historical cost"

From CNM Wiki
Jump to: navigation, search
(Created page with "Historical cost (alternatively known as byby; hereinafter, the ''byby'') is . ==Definitions== According to College Accounting: A Practical Approach by Slater (13th...")
 
(Related coursework)
 
(One intermediate revision by the same user not shown)
Line 1: Line 1:
[[Historical cost]] (alternatively known as [[byby]]; hereinafter, the ''byby'') is .
+
[[Historical cost]] (hereinafter, the ''Cost'') is the actual cost of an asset at time of purchase.
  
  
 
==Definitions==
 
==Definitions==
 
According to [[College Accounting: A Practical Approach by Slater (13th edition)‎]],
 
According to [[College Accounting: A Practical Approach by Slater (13th edition)‎]],
:[[Historical cost]].  
+
:[[Historical cost]]. The actual cost of an asset at time of purchase.
  
 
==Related concepts==
 
==Related concepts==
 
*[[Bookkeeping]]. Recording, filing, and retrieving of [[financial data]], as well as producing those [[financial report]]s that are required by laws.
 
*[[Bookkeeping]]. Recording, filing, and retrieving of [[financial data]], as well as producing those [[financial report]]s that are required by laws.
  
==Related coursework==
+
==Related lectures==
 
*[[Bookkeeping Quarter]].  
 
*[[Bookkeeping Quarter]].  
  
 
[[Category: Septem Artes Administrativi]][[Category: Articles]]
 
[[Category: Septem Artes Administrativi]][[Category: Articles]]

Latest revision as of 19:28, 4 January 2019

Historical cost (hereinafter, the Cost) is the actual cost of an asset at time of purchase.


Definitions

According to College Accounting: A Practical Approach by Slater (13th edition)‎,

Historical cost. The actual cost of an asset at time of purchase.

Related concepts

Related lectures