Incurred cost in accrual accounting refers to the expense of the company when an asset is consumed, which the company becomes liable for and may include direct, indirect, production, and operating expenses incurred for running the company's business operations. It also includes all the prior perio...
costsplural:expenses incurred in a judicial process especially:those given by the law or the court to the prevailing party against the losing party costless ˈkȯst-ləs adjective costlesslyadverb cost 2 of 2 verb cost;costing intransitive verb ...
an outlay or expenditure of money, time, labor, trouble, etc.: What will the cost be to me? a sacrifice, loss, or penalty: to work at the cost of one's health. Synonyms:detriment costs,Law. money allowed to a successful party in a lawsuit in compensation for legal expenses incurred,...
The meaning of COST is the amount or equivalent paid or charged for something : price. How to use cost in a sentence.
On the other hand, Cost Accumulation is a completely different concept. And here, the focus and objective are to collect all costs/total costs of that product or service. It is to know the overall cost of production and stages of the cost incurred and analyze this information about the cost...
According to Khan and Jain, cost of capital means“the minimum rate of return that a firm must earn on its investment for the market value of the firm to remain unchanged”. Cost of capital depends upon: ADVERTISEMENTS: (a) Demand and supply of capital, ...
Cost centers are the starting point for the following: A. The classification of actual costs incurred B. Production C. The comparison of actual costs and budgeted costs (management control) D. The preparation of budgets of planned costs 查看完整题目与答案 关于相关系数表述正确的...
where the buyer of the property promises to pay the total cost and profit to the contractor after the completion of the construction of the property. In this case, the contractor must provide proof of all expenses incurred during the duration of the project. As part of the cost-plus contract...
From Longman Dictionary of Contemporary English in‧cur/ɪnˈkɜː$-ˈkɜːr/●○○verb(incurred,incurring)[transitive]formal1if youincuracost,debt, or afine, you have to pay money because of something you have doneincur expenses/costs/losses/debts etcIf the council loses the ...
and not fraudulent. The insurer also needs to determine whether the value of the claim that was initially forecasted is going to be accurate. If after the reevaluation process, it's found that the cost of the claim will be higher than the forecasted amount, the company would incur a loss...