Cost accounting system

Costing

In which side (i.e dr or cr ) opening Bal of production o.H to be taken in production o.H control account if nothing is mentioned in question

Lakki Kamu

CA Final

★ 4K+

06-Mar-22 12:54

621

Answers (1)

Generally Expenses don't have closing or opening balances, since they will be closed by transfer to the P&L A/c at the end of the reporting period. But, for your clarification, Production OH will have a Dr balance since it is an Expense to an entity.

Chandu vadla

CA Final

★ 11K+

06-Mar-22 13:50