Usually means: Recording assets at original purchase price.
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We found 5 dictionaries that define the word historical cost accounting:

General (3 matching dictionaries)
  1. historical-cost accounting, historical-cost accounting: Collins English Dictionary
  2. Historical cost accounting: Wikipedia, the Free Encyclopedia
  3. historical-cost accounting: TheFreeDictionary.com

Business (2 matching dictionaries)
  1. Historical cost accounting: Financial dictionary
  2. Accounting, Business Studies and Economics Dictionary (No longer online)


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