'Historical cost principle' presentation slideshows

Stock Valuation

Chapter 14. Stock Valuation. Applying the Historical cost principle means that stock should be valued at its original purchase price, as this is verifiable by reference to a source document. In turn, this ensures Reliability in our reports, because our valuation will be free from bias.

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Accountancy 200 Fundamentals of Accounting

577 views • 23 slides

Accounting Principles and Reporting Standards FLASHCARDS

Accounting Principles and Reporting Standards FLASHCARDS. Historical cost principle. Historical cost principle. The principle that requires assets to be recorded at their cost at the time they are acquired. Periodicity of income assumption. Periodicity of income assumption.

238 views • 7 slides