Enter your The World of Accounting For Professional Accountants username.
Enter the password that accompanies your username.

Poll

Best personal finance software?:

States

Articles : 57
Submited Firms : 97
Glossary Words : 3236
Jobs Request : 3
Group Members : 4227
Excel Files : 113
PPT Files : 665
PDF Files : 31

Who's online

There are currently 0 users and 2 guests online.

Historical Cost Principle

Submission of a form on this page may not work as you do not appear to have JavaScript enabled in your browser.

Requires assets to be recorded at the historical cash-equivalent cost, which on the date of the transaction is cash paid plus the current dollar value of all noncash considerations also given in the exchange.