Article Title
Publication Date
October 1998
Abstract
This paper gives a historical perspective on the lower of cost or market (LCM) pricing system. It shows that a similar system is used in Talmudic literature. The Talmud is the compilation of Jewish oral law. It explains the meanings behind the Torah's verses. The Talmud consists of the Mishna and Gemara. The Mishna was compiled and edited approximately 1,800 years ago. The Gemara was written a few hundred years later. It focuses on presenting commentaries on the Mishna.
Recommended Citation
Cohn, Gordon
(1998)
"Lower of cost or market principle in the Talmud,"
Accounting Historians Notebook: Vol. 21
:
No.
2
, Article 13.
Available at:
https://egrove.olemiss.edu/aah_notebook/vol21/iss2/13