Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
cost accounting
See cost accounting method under ACCOUNTING METHOD.
cost accounting method
The practice of recording the value of assets in terms of their cost. - Also termed cost accounting
current-cost accounting
A method of measuring assets in terms of replacement cost. ( This approach accounts for inflation by recognizing price changes in a company's assets and restating the assets in terms of their current cost.