Loading
Previous Topic Previous slide Next slide Next Topic

Recording

  • Study Reminders

    Set your study reminders

    We'll email you at these times to remind you to study

    You can set up to 7 reminders per week

    You're all set

    We'll email you at these times to remind you to study

    Monday

    -

    7am

    +

    Tuesday

    -

    7am

    +

    Wednesday

    -

    7am

    +

    Thursday

    -

    7am

    +

    Friday

    -

    7am

    +

    Saturday

    -

    7am

    +

    Sunday

    -

    7am

    +
  • Study Notes
  • Discuss This Topic
    FAISAL A.
    YE
    FAISAL A.

    Does recording include Certain files or marked ones

    Gabriel O.
    ML
    Gabriel O.

    Let's illustrate this with the depreciation of a machine used in Department 23 of a manufacturer. The depreciation on that machine is a direct cost for Department 23. It is direct because it is traceable to Department 23 without any allocation. The depreciation of this same machine will be an indirect cost of the products manufactured with that machine. It is indirect because the depreciation is allocated to the products. Perhaps the machine in Department 23 has depreciation of $50,000 per year (cost of machine of $500,000 divided by 10 years of useful life). The $50,000 of annual depreciation is then assigned or allocated to products based on the number of hours that products use the machine. For example, if the manufacture expects 20,000 machine hours of use in the current year, then it assigns or allocates $2.50 ($50,000/20,000) per machine hour to each product using the machine. If Product #189 requires one hour of this machine's time, Product #189 will have $2.50 as part of its indirect costs. Indirect manufacturing costs are also referred to as manufacturing overhead, factory overhead, or burden.

    Wendy C.
    AU
    Wendy C.

    Record the balance day adjustment for depreciation and the posting to the profit and loss summary account in the general journal and in the general ledger.

    Samuel F.
    ZA
    Samuel F.

    Is depreciation a direct or indirect cost?

    Harrison A.
    AT
    Harrison A.

    Recording in accounting is a process-oriented task that follows a prescribed series of steps in order to keep track of and record,the balances of various accounts.When a business makes a transaction,the effect of that transaction is recorded in the accounting system.

    Harrison A.
    AT
    Harrison A.

    what are the characteristics recording ?

    Zachary B.
    US
    Zachary B.

    What is recording?

    Diamond T.
    US
    Diamond T.

    Let's illustrate this with the depreciation of a machine used in Department 23 of a manufacturer. The depreciation on that machine is a direct cost for Department 23. It is direct because it is traceable to Department 23 without any allocation. The depreciation of this same machine will be an indirect cost of the products manufactured with that machine. It is indirect because the depreciation is allocated to the products. Perhaps the machine in Department 23 has depreciation of $50,000 per year (cost of machine of $500,000 divided by 10 years of useful life). The $50,000 of annual depreciation is then assigned or allocated to products based on the number of hours that products use the machine. For example, if the manufacture expects 20,000 machine hours of use in the current year

    Douglas R.
    US
    Douglas R.

    Recording money hits.

    Ardian R.
    flag-default-icon
    Ardian R.

    The simplest way to think about it is as a record of all payments going out to foreigners (with the reasons for those payments), and all payments coming into the country from foreigners

  • Text Version
Notification

You have received a new notification

Click here to view them all