ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
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OWN WORK CAPITALIZED Definition
OWN WORK CAPITALIZED represents the value of work performed for own purposes and capitalized as part of fixed assets.
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CENT is a currency of: United States of America, Sierra Leone, China, South Africa etc.
NORMAL PROFIT is the opportunity cost of using entrepreneurial abilities in the production of a good, or the profit that could have been received by entrepreneurship in another business venture. Like the opportunity costs of other resources, normal profit is deducted from revenue to determine economic profit. It is, however, never included as an accounting cost when accounting profit is computed.