The exit value of an asset is the monetary amount (net realizable value) that the asset could be exchanged for...
The exit value of an asset is the monetary amount (cash equivalent value) that the asset could be exchanged for...
An accounting principle that calls for the financial statements of an entity to reflect and represent the most conservative figures...
The measurement principle that requires reporting values on financial statements by referring to historical cost (HC)- as a measure of...
The aggregate amount of the assets owned (and controlled) by an entity such as cash, cash equivalents, accounts receivable, inventory…
An alternative term for comprehensive income; a measure of income (accounting income) that consists of an entity's regular income, i.e.,...
An accounting term that is derived from the Latin word 'creditum' which means "to trust or entrust". Credit is a...
A value measurement base (an entry value) that indicates the value (price/ cost) currently paid for the purchase of an...
A value measurement base (originally from entry value) that indicates the value (price) currently paid for the purchase of an...
It stands for comprehensive income; a measure of income (accounting income) that consists of an entity's regular income, i.e., net...