a method of accounting that values assets at the original cost. In times of high inflation profits can be overstated
Compare current-cost accounting
Examples of 'historical-cost accounting' in a sentence
historical-cost accounting
Although one notices the movement from historical cost accounting to fair value accounting, each one has its advantages.
Valentin Gabriel CRISTEA 2017, 'ACCOUNTING HARMONIZATION AND HISTORICAL COST ACCOUNTING', Challenges of the Knowledge Societyhttp://cks.univnt.ro/uploads/cks_2017_articles/index.php?dir=05_economics%2F&download=CKS_2017_economics_002.pdf. Retrieved from DOAJ CC BY 4.0 (https://creativecommons.org/licenses/by-sa/4.0/legalcode)