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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”).
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 account when inventory is sold.
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.
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.
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 which case the amount of money expended to acquire it is counted as cost. In this case, money is the input that is gone in order to acquire the thing.
The cost of something is the loss, damage, or injury that is involved in trying to achieve it.
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 earned from selling the good or service to determine the profit.
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.
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.
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