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COST definition: 1. the amount of money needed to buy, do, or make something: 2. the amount of money needed for a…. Learn more.
Each cost is recorded in a different expense account depending on its purpose and cost driver. For example, the cost recorded to purchase inventory is booked in the cost of goods sold …
From Middle English costen, from Old French coster, couster (“to cost”), from Medieval Latin costare, from Latin constare (“stand together, stand at, cost”), from com- + stare (“stand”).
A consumer typically equates cost with the price of a good, whereas a producer measures cost as the amount of money spent to produce something, which is then subtracted from the revenue …
Cost is the value of money that has been used up to produce something or deliver a service, and hence is not available for use anymore. In business, the cost may be one of acquisition, in …
Define cost. cost synonyms, cost pronunciation, cost translation, English dictionary definition of cost. n. 1. An amount paid or required in payment for a purchase; a price.
Cost most often refers to a specific amount of money that a seller wants for the item they are selling. However, cost is also used more generally to mean whatever the price of an item is.
8 thg 6, 2023 · Read this article to learn about what cost is in accounting, how it works, and how it is calculated. Also, look at some examples of cost.
24 thg 8, 2025 · Cost is the expenditure required to create and sell products and services, or to acquire assets. When sold or consumed, a cost is charged to expense.
The cost of something is the loss, damage, or injury that is involved in trying to achieve it.
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