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Factory Overhead Control Account

For a manufacturer, it is a type of control account that tracks and control the indirect manufacturing costs (overhead costs)...

Manufacturing Overhead Control Account

For a manufacturer, it is a type of control account that tracks and control the indirect manufacturing costs (overhead costs)...

Permanent Account

A general ledger account (GL account) that does not close at the end of the accounting year (as opposed to...

Temporary Account

A type of account (a general ledger account/ GL account) that closes at the end of each accounting year. Basically,...

Cost Accounting

A branch of accounting that is concerned with producing the information that enables an entity's management to control and evaluate...

OH Control Account

For a manufacturer, it is a type of control account that tracks and control the indirect manufacturing costs (OH: overhead...

Overheads Control Account

For a manufacturer, it is a type of control account that tracks and control the indirect manufacturing costs (overhead costs)...

Nominal Account

A type of account (a general ledger account/ GL account) that closes at the end of each accounting year. Basically,...

Real Account

A general ledger account (GL account) that does not close at the end of the accounting year (as opposed to...

Cost Account

An account that an entity uses to accurately account for certain items of cost. For that purpose, there are specific...