NON- INTEGRATED ACCOUNT
We utilize both monetary bookkeeping and cost representing recording exchanges independently, around then , it is called non necessary arrangement of bookkeeping. Non fundamental arrangement of bookkeeping is simply inverse the basic arrangement of bookkeeping. In non-basic arrangement of bookkeeping, we have to put forth compromise expression for knowing the reasons of contrast in the benefit which have been computed in taken a toll bookkeeping framework and money related bookkeeping framework.
In NON-INTEGRAL ACCOUNTS Arrangement of bookkeeping :
1. General Ledger Adjustment Account
This record is opening only for self-adjusting. This record speaks to the individual records in cost bookkeeping’s non necessary framework.
# balance b/d – opening parity
# Store record control account – buy
# work in process control account – exceptional buy
# Wages control account – add up to compensation ( Direct + circuitous + managerial + offering office pay rates)
# Creation overhead control account – Production costs
# authoritative overhead control account – regulatory costs
# Offering and dispersion overhead control account – offering and dissemination costs
# Costing benefit and misfortune account – exchange from costing and benefit and misfortune account
# Store record control account – Return to providers
# Deals account – add up to deals
# Equalization c/d – adjusting figure.
2. Stores Ledger Control Account
Opening stock in store adjust will be charged in this record. New purchasing of material will be charged with the name of general record alteration account in stores record control account. Material issued for generation will be credited with the name of work in process control account. Come back to provider will be credited with the name of general record modification account in this record. Contrast of charge side and credit side will be the end stock in store.
3. Wages Control Account
This record is charged with add up to wage installment ( Direct + backhanded + authoritative + offering division pay rates). We add up to all these record and general record modification record will be charged in this record. After this, we will acknowledge the immediate wage for work in process account. We will acknowledge roundabout wage for generation overhead control account. We will credit compensations of organization office with regulatory overhead control account. In end, we will credit pay rates of offering division with offering and circulation overhead control account.
4. Creation Overhead Control Account
Creation overhead will demonstrate all generation overheads in its charge side.
# Roundabout material utilized – Store record control account
# Roundabout wage – Wages control account
# Roundabout Expenses – General Ledger Adjustment Account
# Generation overhead consumed by creation – Work in process control account
# Contrast of credit side and charge side will go to costing benefit and misfortune account
5. Work in process Ledger Control Account
# Parity b/d Opening equalization of work in process
# Generation overhead control account – creation overheads consumed by creation
# Wages Control Account – Direct Wages
# Store Ledger Control Account – Indirect material utilized for generation
# Completed merchandise record control account – Producing of completed products amid the year.
# Parity C/d – Closing stock which underway process
6. Authoritative Overhead Ledger Control Account
# General Ledger Adjustment Account – Administrative Expenses
# Compensations for Administrative office
# Completed Goods Ledger Control Account – Absorption of authoritative overhead by completed merchandise # balance – Costing benefit and misfortune account
7. Completed Goods Ledger Control Account
# BALANCE b/d – opening Balance of completed merchandise
# work in process control account – creation amid the year
# Authoritative overhead control account – Absorption of managerial overhead by completed merchandise
# Cost of Sale Account – Finished Goods sold at cost
# Equalization C/d – Closing supply of completed merchandise
8. Offering and Distribution Overhead Control Account
This record is charged with general record modification record and wages control account (installment for deals to representatives) and credited with cost of offers. Distinction amongst charge and credit side will exchange to costing benefit and misfortune account.
9. Cost of Sale Account
This record is charged with completed merchandise record control record and offering and circulation overhead control record and this record is exchanged to deals account.
10 Sales Account
In the Debit side, we will demonstrate cost of offer record and costing benefit and misfortune record and it will be exchange to general record change account.
11. Costing Profit and Loss Account
This record demonstrates the net benefit according to the cost bookkeeping rules. In the credit side, we appear, deals record and creation overhead control account In the debit side, we demonstrate regulatory overhead control record, offering and circulation overhead control record and contrast of credit and debit side will be net benefit which will be exchange to general record alteration record’s credit side.
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