Job Order Accounting
job order accounting
test
it depends on who is doing the accounting
Accounting in a manufacturing environment involving tracking, measuring, and recording costs from production and distribution.
an accounting procedure
job order accounting
test
idea is more basic to accounting than the accounting unit or entity, a term used to identify the organization for which the accounting service is to be provided and whose accounting or other information is to be analyzed, accumulated, and reported.
it depends on who is doing the accounting
Accounting in a manufacturing environment involving tracking, measuring, and recording costs from production and distribution.
Debit Depreciation Expense Credit Accumulated Depreciation
an accounting procedure
what is the cost accounting system used by a contract manufacturing a number of identical units for multiple customers
carrying amount (original value of the asset minus accumulated depreciation)
Most IT's works with accounting department specifically with the accounting manager.
for a manufacturing concern it will be a manufacturing account and for a non manufacturing concern it will be a trading account or a profit and loss account or income and expenditure account.
Accounting Entry: [Debit]Cash 8000 [Debit]Accumulated Depreciation 3000 [Credit] Machine 10000 [Credit]Profit on Sale 1000