Accounting


Accounting Forum

AccountingCoach.com is the world's largest free online accounting course.


Not signed in (Sign In)

Categories

Vanilla 1.1.7 is a product of Lussumo. More Information: Documentation, Community Support.

Welcome Guest!
Want to take part in these discussions? If you have an account, sign in now.
If you don't have an account, apply for one now.

General Accounting Discussions: Subsidiary ledger for factory overhead

Bottom of Page

1 to 1 of 1

  1.  
    • CommentAuthorwilsone
    • CommentTimeFeb 28th 2007
     
    Companies often use a factory overhead subsidiary ledger to keep track of costs of various overhead items. At the end of an accounting period, the overhead is charged to various jobs based on a predetermined overhead allocation rate, and any overapplied or underapplied overhead is closed to cost of goods sold or various inventory accounts. The balance at the end of the accounting period is zero in the factory overhead account.

    Question: How are the overhead subsidiary ledgers closed ... or are they?

1 to 1 of 1

  1.  



 

Why AccountingCoach.com?

the accounting coach

AccountingCoach.com is designed to help people without an accounting background easily understand accounting concepts at no cost.


By investing thousands of hours, we have created clear and concise accounting information for both business people and students of all ages.


We understand how difficult accounting can be. That's why we have ensured that each accounting topic includes a clear explanation, reinforcing drills, Q&A, puzzles, dictionary of terms, etc.


Read 1,440 Visitor Testimonials



What's on AccountingCoach.com?