Difference between revisions of "Historical cost"
(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]] ( | + | [[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 | + | ==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
- Bookkeeping. Recording, filing, and retrieving of financial data, as well as producing those financial reports that are required by laws.
