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CIMA BA2 > Cost Book Keeping > Flashcards

Cost Book Keeping Flashcards

1
Q

Purchase materials double entry

A

Dr material control account
CR cash/ payables

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2
Q

Labour costs incurred double entry

A

DR Wages control account
CR Cash/payables

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3
Q

Overheads incurred double entry

A

DR production overheads control account
CR Cash/ payables

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4
Q

Direct resources allocated to WIP double entry

A

DR WIP account
CR resources account

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5
Q

Indirect resources allocated to WIP double entry

A

DR production overhead account
CR Resources accounts

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6
Q

Finished Goodson produced double entry

A

DR finished goods control account
CR work in progress control account

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7
Q

Cost of sales account double entry

A

Dr finished goods account
Cr sopl

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8
Q

Sales account double entry

A

Dr sopl
Cr receivables account

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CIMA BA2 (13 decks)

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