Historical cost: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson (Classify page.) |
imported>Doug Williamson m (Amend header.) |
||
| Line 1: | Line 1: | ||
1. ''Financial reporting - measurement.'' | 1. ''Financial reporting - accounting practices - measurement.'' | ||
Historical cost is the | Historical cost is the original cost of assets to a reporting entity. | ||
Revision as of 14:35, 29 October 2020
1. Financial reporting - accounting practices - measurement.
Historical cost is the original cost of assets to a reporting entity.
2.
More generally, any original cost.
Also known as historic cost.
