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Cost is an amount that has to be paid or given up in order to get somthing. In business, all things monetary evaluation, all expenses are costs.
A cost is the measure of the expenditure of economic agents associated with an event or action of an economic nature, and generally expressed as a prize or monetary value.
Different costs can be calculated. Each type of cost is defined by three characteristics: the date on which it was established, the object in question, the content included.
an amount that has to be paid or spent to buy or obtain something.
Cost and meaning of Cost
Something of value, usually an amount of money, given up in exchange for something else, usually goods or services.
A cost is a sacrifice of resources.
Cost is price of something
Definition: In business and accounting, cost is the monetary value that a company has spent in order to produce something. Cost denotes the amount of money that a company spents on the creation or production of goods or services. It does not include the mark-up for profit.
In accounting, the term cost refers to the monetary value of expenditures for raw materials, equipment, supplies, services, labor, products, etc. It is an amount that is recorded as an expense in bookkeeping records.
In business, cost is usually a monetary valuation of (1) effort, (2) material, (3) resources, (4) time and utilities consumed, (5) risks incurred, and (6) opportunity forgone in production and delivery of a good or service.
All expenses are costs, but not all costs (such as those incurred in acquisition of an income-generating asset) are expenses.
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