Cost Records

Cost Records may have one of the following meanings, depending the context of the term:

1. in accounting, anything that can substantiate the costs incurred in producing goods, providing services, or supporting an activity designed to be productive. Ledgers, schedules, vouchers, and invoices are cost records.

2. investor records of the prices at which investments were purchased, which provide the basis for computing capital gains.

See also Capital Gain in the American Legal Encyclopedia and Capital Gain in the World Legal Encyclopedia.