Current cost accounting: related pages
Historical cost
An asset value based on the actual purchase cost, or the accounting principle that requires this.
Inflation
The rate at which prices rise. There are many measures used for different purposes.
Depreciation
The allocation of the cost of an asset to the profit and lost account by allocating part of the cost to each year of its estimated useful life.
Accrual principle
The accounting principle of matching of costs to the revenues they generate.
Copyright Graeme Pietersz © 2005-2019
