Cost Principle

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Definition: Cost Principle

Cost Principle
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Full Definition of Cost Principle

When transactions are recognized for their cost instead of price during the life of the income or expense.

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To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/cost-principle/
Modern Language Association (MLA):
Cost Principle. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
April 20, 2024 https://payrollheaven.com/define/cost-principle/.
Chicago Manual of Style (CMS):
Cost Principle. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/cost-principle/ (accessed: April 20, 2024).
American Psychological Association (APA):
Cost Principle. PayrollHeaven.com. Retrieved April 20, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/cost-principle/

Definition Sources

Definitions for Cost Principle are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.