The value of an asset or company as recorded on the balance sheet, calculated as original cost minus accumulated depreciation and any impairments. For companies, it represents shareholders' equity divided by outstanding shares, showing the accounting value per share.
From the literal value recorded in accounting 'books' or ledgers. The term emerged in the 19th century with the development of systematic bookkeeping and corporate accounting. It distinguished between the recorded accounting value and the actual market value of assets or companies.
Try Another Word