What is ACCOUNTING COST?

The value of resources that are used to complete an activity. Refer to economic cost.

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Related Legal Terms
FULL COST ACCOUNTING, REPLACEMENT COST ACCOUNTING, ACTIVITY COST POOL, ACCOUNTING MEASUREMENT, ENGINEERING COST ESTIMATE, APPLIED COST, MARGINAL SOCIAL COST, OPPORTUNITY COST, CONSTANT VALUE ACCOUNTING, LAW OF INCREASING OPPORTUNITY COST


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