The Non Current Asset Register

Non-Current Asset Register Non-current assets can turn out to be large amounts of expenditure in some businesses and these will require some control measures being put in place to ensure the costs are being monitored. In setting controls in place, many businesses maintain a non-current assets register in addition to the general ledger entries. The … Read More

Cost classification

Costs can be classified in 4 ways – by function, by element, by nature and by behaviour. Classification of costs by function: Production costs- this is also known as “cost of sales”. This category would include production labour costs, materials, factory supervisor salaries, factory rent. These are any costs which are directly linked with organisations … Read More