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Argument For And Against Historical Cost Accounting

Argument For And Against Historical Cost Accounting

Submitted by • October 31, 2013 customwritingtips.com

Historical cost accounting is also known as convectional accounting. Under this basis of accounting, assets, excepts stock-in-trade, are generally recorded in the books at their historical cost, but liabilities are recorded in the books at their payable value.

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Voted by kallen

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