Page 59 - F2 Slides 2017-18
P. 59
Ledger Accounting
• Debited to • Debited to one
production of the non-
overheads production
account overhead
Indirect Non- accounts
Production production
Costs Overheads
Over- or Absorbed
under- Production
absorption Overheads
• Transferred to overheads • Credited to the
statement of work in
profit or loss at progress or
the end of the production
period account
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