SPECIFIC IDENTIFICATION METHOD Definition

Bookmark and Share

SPECIFIC IDENTIFICATION METHOD is an inventory costing method under which the actual cost of a particular item is assigned to that item; used for determining cost of goods sold.

Learn new Accounting Terms

DOUBLE DECLINING BALANCE DEPRECIATION see DECLINING BALANCE DEPRECIATION METHOD.

BAISA is the currency of Oman.

Suggest a Term

Enter Search Term

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