Define: Cost

UK Accounting Glossary

Definition: Cost

Quick Summary of Cost

The cost of a non-current asset is the cost of making it ready for use, cost of finished goods is cost of bringing them to the present condition and location.

What is the dictionary definition of Cost?

Dictionary Definition

  • Amount of money, time, etc. that is required or used.
  • A negative consequence or loss that occurs or is required to occur.
  • Manner; way; means; available course; contrivance.


Cost FAQ's

Cite Term

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
Modern Language Association (MLA):
Cost. Payroll & Accounting Heaven Ltd. January 18, 2020
Chicago Manual of Style (CMS):
Cost. Payroll & Accounting Heaven Ltd. (accessed: January 18, 2020).
American Psychological Association (APA):
Cost. Retrieved January 18, 2020, from website:

Definition Sources

Definitions for Cost are sourced/syndicated from:

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

This glossary post was last updated: 23rd December 2018.