Book Value Definition and Legal Meaning

On this page, you'll find the legal definition and meaning of Book Value, written in plain English, along with examples of how it is used.

What is Book Value?

(n) Book Value is the recorded value of a business or assets as appearing in the books of accounts maintained on the basis of commercial customs and accounting standards at a particular time. Book value represent the value in which the transaction has taken place and adjusted as per the accounting norms and will not represent the real or market value of the business or asset.