ACTUAL COST Definition

Bookmark and Share

ACTUAL COST is the amount paid for an asset; not its retail value, market value or insurance value.

Learn new Accounting Terms

FIRM is members of a business organization that owns or operates one or more establishments, e.g. a legal or accounting firm.

REPORTING ENTITY is the legal entity for which financial reports are prepared and made available.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.