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What is the historical cost method?
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Asked 5/24/2013 1:19:15 PM
Updated 205 days ago|2/28/2018 11:48:23 AM
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Flagged by jeifunk [2/28/2018 11:48:23 AM]
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User: What is the historical cost method?

Question
Asked 5/24/2013 1:19:15 PM
Updated 205 days ago|2/28/2018 11:48:23 AM
2 Answers/Comments
Flagged by jeifunk [2/28/2018 11:48:23 AM]
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Added 205 days ago|2/28/2018 11:48:12 AM
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Deleted by jeifunk [2/28/2018 11:48:21 AM]
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The historical cost concept (also known as cost principle of accounting) states that the assets and liabilities of a business should be presented in accounting records at their historical cost.
Added 205 days ago|2/28/2018 11:48:20 AM
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