AVERAGE COST METHOD Definition

Bookmark and Share

AVERAGE COST METHOD is using a weighted average cost for items in inventory rather than actual cost for each specific item.

Learn new Accounting Terms

HARD COPY is a printed copy of information as opposed to information stored in computer readable form.

WITHHOLDING TAX usually refers to those taxes that are withheld from an employee's compensation to account for that individuals tax liability on his/her compensation.

Suggest a Term

Enter Search Term

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