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Definition: Current cost accounting
Category: SNA 1993
Current cost accounting is a valuation method whereby assets and goods used in production are valued at their actual or estimated current market prices at the time the production takes place (it is sometimes described as "replacement cost accounting"). http://ec.europa.eu/eurostat/ramon/statmanuals/files/SNA_1993_EN.pdf
Source:
United Nations, "System of National Accounts (SNA) 1993", United Nations, New York, 1993, § 1.60
United Nations, "System of National Accounts (SNA) 1993", United Nations, New York, 1993, § 1.60
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