COST ELEMENT Definition

Bookmark and Share

COST ELEMENT, in cost accounting, is the lowest level component of a resource activity, or cost object.

Learn new Accounting Terms

SALES PROCEEDS are the sum of the service units (products, services) sold by a corporation within a particular period. The sales proceeds are calculated from the quantities sold (pcs, kg, hrs) multiplied by the sales price per unit within a particular period.

IAS is Institute of Asset Management (UK).

Suggest a Term

Enter Search Term

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