Payroll register is a payroll record that accumulates the gross earnings, deductions, and net pay by employee for each pay period.
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- Mixed costs
Mixed costs are costs that contain both a variable and a fixed costs element and change in total but not proportionately with changes in the activity level.
- Conversion costs
Conversion costs consists of the sum of labor costs and overhead costs. In other words, both the dry and liquid ingredients (materials) are added at the beginning...
- Public accounting
Public accounting is an area of accounting in which the accountant offers expert service to the general public.
Units-of-activity is a depreciation method in which useful life is expressed in terms of the total units of production or use expected from an asset, rather than as a time period.
- Retained earnings restrictions
Retained earnings restrictions are circumstances that make a portion of retained earnings currently unavailable for dividends.
- Aging the accounts receivable
Aging the accounts receivable refers to the analysis of customer balances by length of time they have been unpaid.
- Cash payments journal
Cash payments (cash disbursements) journal refers to a special journal where companies record all disbursements of cash or a cash payment journal records all cash paid.