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If you created an allocation rule to link the Office Supplies MCC group to your Purchasing Department accounting code what will happen to transactions when they enter Access Online?
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∙ 7y ago
Access Online will automatically allocate all office supply transactions to the Purchasing Department's accounting code
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If you create an allocation rule to link to the office supplies mcc group to your purchasing department accounting code what will happen to transactions when they enter access online?
Access Online will automatically allocate all office supply transactions to the Purchasing Department's accounting code
What is arbitrary allocation in cost accounting?
allocate cost arbitrarily
What is the major problem in cost accounting?
The major problem in cost accounting is allocation of common and joint costs to individual products.
How do you reallocate a transaction amoung multiple accounting codes?
On the allocation tab add another space for a code and specify another accounting code
What is intraperiod tax allocation?
Intraperiod tax allocation is the act of allotting income taxes to the various parts that are seen in a businessâ??s income statement. An intraperiod tax allocation arises due to the differences between generally accepted accounting rules and income tax rules.
If you create an allocation rule to link to the office supplies mcc group to your purchasing department accounting code what will happen to transactions when they enter access online?
Access Online will automatically allocate all office supply transactions to the Purchasing Department's accounting code
What is cost absorption in cost accounting?
Simply: allocation of cost to a cost centrehttp://www.answers.com/topic/cost-absorption:Allocation of cost to a product, process, or department using a rational allocation basis. For example, rent expense can be allocated to a department based on square footage.
What is arbitrary allocation in cost accounting?
allocate cost arbitrarily
What if your accounting code structure is the basis for which other?
Transaction Allocation and management
What is the major problem in cost accounting?
The major problem in cost accounting is allocation of common and joint costs to individual products.
What if your accounting code structures is the basis for what other functions?
Transaction Allocation and management
Which elements does an allocation rule link together?
An MCC group and an accounting code
What are the major classifications of accounting?
Financial accounting refers to accounting refers to accounting for revenues, expenses, assets, and liabilities. It involves the basic accounting processes of recording, classifying, and summarizing transactions. - Cost accounting is the branch of accounting dealing with the recording, classification, allocation, and reporting of current and prospective costs. - Managerial accounting is the branch of accounting designed to provide information to various management levels in the hospitality operation for the purpose of enhancing controls.
What is cost objectives?
Cost objectives determines the cost allocation. It determines the product, service or department that will receive the allocation.
How do you reallocate a transaction amoung multiple accounting codes?
On the allocation tab add another space for a code and specify another accounting code
What is tax allocation?
Intraperiod tax allocation is the act of allotting income taxes to the various parts that are seen in a businessâ??s income statement. An intraperiod tax allocation arises due to the differences between generally accepted accounting rules and income tax rules.
What is intraperiod tax allocation?
Intraperiod tax allocation is the act of allotting income taxes to the various parts that are seen in a businessâ??s income statement. An intraperiod tax allocation arises due to the differences between generally accepted accounting rules and income tax rules.
