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LeoGlossary: Cost

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LeoFinance
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How to get a Hive Account


An expense that reflects the price of purchasing goods, services and financial instruments. If cash is involved in the process, then it is a "cash cost".

With an asset, cost is the purchase price which establishes the baseline for capital gains or losses.

There are two types for accounting purposes:

  • Fixed
  • Variable

Costs are recorded as expenses on the income statement

  • Main LeoGlossary Menu

General:

  • What Is Leofinance

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