Page 45 - Cost Accounting - Ready Reckoner

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(xxi) Recording of Cost No Entry Cost of Sales A/c Dr Cost of Sales A/c Dr
of goods sold To, Finished goods A/c To, Finished goods Control A/c

(xxii) Recording of sales Cash/ Debtor A/c Dr Gen. Ledger Control A/c Dr Cash / Debors A/c Dr
To, Sales A/c To, Costing P&L A/c To, P&L A/c
(xxiii Absorption of No Entry F.G Control A/c Dr Finished Goods Control A/c Dr
) Administration To, Admin OH Control A/c To, Admin OH control A/c
Overheads
(xxiv) Absorption of No Entry Cost of Sales A/c Dr Cost of Sales A/c Dr
Selling Overheads To, Selling & Dis. To, Selling & Dis. OH Control
Overheads Control A/c A/c
(xxv) Under absorption No Entry Costing Profit & Loss A/c Dr Profit & Loss A/c Dr
of overheads To, OH Control A/c To, OH control A/c
(xxvi) Over absorption No Entry OH Control A/c Dr OH Control A/c Dr
of overheads To, Costing P&L A/c To, Costing P&L A/c