work in process inventory
Debit direct laborCredit cash / bank
Generally as most businesses sell goods and services on credit terms, the value of the sales invoice is debited into the customers account as a debtor and a corresponding credit entry passed to sales. Eventually when proceeds from the sales are received in the form of cash/ bank transfer, the debtor's account is credit to cancel the initial debit for the sale and cash ledger debited with the receipt.
An account used to record the disposal of an asset or assets and to determine the profit or loss on the disposal. The principle of realization accounts are that they are debited with the book value of the asset and credited with the sale price of the asset. Any balance therefore represents the profit or loss on disposal.
work in process mixing 45,000 materials 45,000
debit factory overhead, credit wages payable
Materials requisition form
a record card relating to a job and giving details of the time taken to do a piece of work and the materials used. This is used to allocate direct labour and materials costs.
Copies of administrative notices that were not the basis for official actions should be managed as non-actionable records. They can be filed separately from official records but should still be retained for a designated period as per records management policies. These records may serve as reference or historical documentation but do not have the same legal or operational significance as official actions.
A Purchase Requisition (PR) document can be used to initiate a request for goods or services and record a commitment of funds in GFEBS.
A Purchase Requisition (PR) document can be used to initiate a request for goods or services and record a commitment of funds in GFEBS.
Reference or exhibit materials
Debit direct laborCredit cash / bank
Reference or exhibit materials
Reference or exhibit materials
Rupiah
Reference or exhibit materials
A check received doesn't actually go on the "balance sheet" but instead is debited to the cash account. When receiving a check, debit cash and credit the appropriate account for the transaction.