quick question
GemmaLouise
Registered Posts: 56 Regular contributor ⭐
is it right to say that - under absorption is charged to the p&l as a loss?
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Comments
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Yes, thats right0
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i would say that under absorption is charged the p&l as a further expense.0
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GemmaLouise wrote: »is it right to say that - under absorption is charged to the p&l as a loss?
I personally would always say both words in a particular order out loud-
i.e under / over rather than over / under, it makes it easier for me to then remeber which side of the 'T' account it would go on...
debit (on the left) / credit (on the right)
under (on the left) / over (on the right)
The next bit, well you just have to say it like a mantra till it sticks in your head as I haven't found any novel methods of remembering it!
under - reduces profit by increasing costs
over - increases profit by decreasing costs
As Roy Walker would say.....'say what you see' :laugh:0 -
Have to ask ! Who or Roy Walker?0
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Roy Walker
Isn't he in car park catch phrase?0
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