Accounting Software Glossary

Accounting Software from Lakeview

The accounting software glossary is a glossary of words and phrases related to accounting software and is provided entirely as-is and without warranty. Please feel free to make use of the definitions of accounting software terms contained herein, provided you quote your source or, if used online, provide a link back to the accounting software glossary.


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Definition of Historical Cost

Under the historical cost accounting principle, accounting software requires all assets, stock and raw materials to be valued at their original cost.


Other accounting software terms beginning with H

Historical Cost
Under the historical cost accounting principle, ac...

HMRC
Her Majesty's Revenue & Customs. Formed on 18th A...

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