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Subsidiary Ledgers
Detailed financial books that complement the general ledger by tracking individual accounts or categories, such as accounts payable or receivable.
Job Order Costing
An accounting method that tracks costs for each individual job or project, assigning direct materials, labor, and overhead based on each job's unique requirements.
Underapplied Factory Overhead
The amount of actual factory overhead in excess of the factory overhead applied to production during a period.
Cost of Goods Sold
The direct costs attributable to the production of the goods sold by a company, including the cost of the materials and labor directly involved in creating the product.
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