Difference between revisions of "Cost"
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According to [[Cost Accounting by Horngren, Datar, Rajan (14th edition)]], | According to [[Cost Accounting by Horngren, Datar, Rajan (14th edition)]], | ||
:[[Cost]]. Resource sacrificed or forgone to achieve a specific objective. | :[[Cost]]. Resource sacrificed or forgone to achieve a specific objective. | ||
| + | According to the [[ITIL Foundation 4e by Axelos]], | ||
| + | :[[Cost]]. The amount of money spent on a specific activity or resource. | ||
| − | [[Category: Accounting]][[Category:Articles]] | + | [[Category: Information Technology]][[Category: Accounting]][[Category:Articles]] |
Latest revision as of 16:06, 11 December 2020
Cost is resource sacrificed or forgone to achieve a specific objective.
Definitions
According to Cost Accounting by Horngren, Datar, Rajan (14th edition),
- Cost. Resource sacrificed or forgone to achieve a specific objective.
According to the ITIL Foundation 4e by Axelos,
- Cost. The amount of money spent on a specific activity or resource.
