historical-cost accounting

noun

a method of accounting that values assets at the original cost. In times of high inflation profits can be overstatedCompare current-cost accounting

Nearby words

  1. historical method,
  2. historical novel,
  3. historical present,
  4. historical school,
  5. historical sociology,
  6. historicism,
  7. historicity,
  8. historicize,
  9. historico-,
  10. historied

Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012