Double entry: related pages

An asset value based on the actual purchase cost, or the accounting principle that requires this.

Assets that do not have a definite form. They include goodwill, patents, trademarks and capitalised development costs.

A method of valuing stocks (inventory) for accounting purposes. Stocks issued are assumed to be the oldest available.

A method of valuing stocks (inventory) by assuming that the most recent purchases are used first.

Raw materials are the part of stocks that have been purchased for further processing but on which no work has yet been done.

The difference between the value of inputs and the value of outputs.