COST Definition

Bookmark and Share

COST is the amount of money that must be paid to take ownership of something; expense or purchase price.

Learn new Accounting Terms

PRIVATE LEDGER see LEDGER.

RECOVERY, in finance, a. absorption of cost through the allocation of depreciation; b. residual cost or salvage value of a fixed asset after all allowable depreciation; or, c. collection of an accounts receivable that had been previously been written off as a bad debt.

Suggest a Term

Enter Search Term

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