labor transactionsi wages paid in cashii wages
Labor Transactions
(i) Wages Paid in cash
(ii) Wages incurred like
a) Direct labor or else
b) Indirect labor
In the Financial Books
In the Costing Books
i. Wages Paid in Cash
Dr Wages a/c
Dr Wages Control a/c
Cr Cash a/c
Cr General Ledger Adjustment a/c
ii. Wages Incurred as direct labour
Not recorded in Financial Books
Dr. W.I.P a/c
Cr. Wages Control
Dr. Production Overheads Control a/c
Expected delivery within 24 Hours
cost book-keepingin cost account accounts extensive employ is made of control accounts that are based in the similar principles as those utilized in
required ledgers in financial systemin the financial systems the required ledgers are as the general ledger debtors ledger creditors ledgerin the
link between financial and cost booksthe link among the two sets of books is achieved via operating a cost ledger control account and a financial
materials transactioni purchase of materials on creditii return of materials to suppliersiii purchase of materials in cashthe above transactions
labor transactionsi wages paid in cashii wages incurred likea direct labor or elseb indirect labor in the financial books in the costing
governmento medicare medicaid s-chip and the va the government uses money generated from taxes to reimburse providers who take care of patients
will the pricing and product policy of a multinational firm be different in a developed and an underdeveloped countryjustify your
a paper mill prodecs two grades of paper viz x and y because of raw material restrictions it cannot produce more than 400 tons of grade x paper and
a toy manufacturer develops a formula to determine the demand for its product depending on the price in dollars the formula is where p is the price
1933950
Questions Asked
3,689
Active Tutors
1454876
Questions Answered
Start Excelling in your courses, Ask a tutor for help and get answers for your problems !!
Early food experiences can impact development over several learning domains, including Social and Emotional Development, Language
Provide five (5) reasons why working from a person centred, strengths-based positive framework, and providing positive lifestyle strategies can reduce
Think about where you were the most and least engaged when reading a classmate's draft. Think about what captured your attention
Which of the following is a behavioral indicator related to Family? A) Developing school readiness and transition strategies B) Developing collaborative
What is another way to say ". It is important to ensure that the youth understand what the study involves, what their participation entails
Describe the results, including any scores. Result: E6% Extraverted Action oriented, Outgoing, Expressive, Hands-On S17% Sensing Traditional,
Suppose that a group of researchers would like to explore how we perceive objects in the real world, rather than just in a laboratory