Cost Definition | Becker

Accounting Dictionary

Cost

 

  1. In management accounting, a measurement in monetary terms of the amount of resources used for some purpose. In financial accounting, the sacrifice measured by the price paid, or required to be paid, to acquire goods or services.
  2. (verb) To ascertain the cost of something.

 

Related Terms:

Expenses [FARBAR]Unexpired Costs [FARBAR]Back to Dictionary

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