BACKUP Definition

Bookmark and Share

BACKUP is a copy of a computer program or data stored separately from the original.

Learn new Accounting Terms

STRANDED PLANT is a cost that has been incurred, but can not be reversed. Usually referred to as a sunk cost.

COST PRINCIPLE is the principle where a company is obliged to record its fixed assets at their actual purchase price or production cost.

Suggest a Term

Enter Search Term

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