Definition
The accounting principle that goods and services purchased should be recorded at their historical cost and not at their current market value.
Related Videos
http://www.businessdictionary.com/definition/cost-principle.html
Join BusinessDictionary.com for FREE!
Create a new BusinessDictionary.com account
| Or, use your Facebook account for faster log in |
|
As a member, you can:
- View usage examples
- Save your favorite terms
- Manage your subscriptions
- Receive Term of the Day emails
- Get help and show off your knowledge in our Questions & Answers forum!
Already have an account? Login
