Integrated Accounting Systems Flashcards
0
Q
Accounting for overhead absorbed
A
DR work in progress
CR overhead control
1
Q
accounting for overheads under absorbed
A
DR income statement
CR overhead control
2
Q
Accounting for indirect labour
A
DR overhead control account
CR wages control
3
Q
Accounting for the issue of direct materials to production
A
DR work in progress
CR material control account
4
Q
Rules for recording variances
A
Variances are entered in accounts they occur in
Debit = adverse variance Credit = favourable variance
