cost ledger

Thân thiện

The accountant reviews the cost ledger on her desk.

Definition

1. Noun:
   • A specialized accounting record: A "cost ledger" is a ledger that systematically records and accumulates production or manufacturing costs, classified according to various categories such as jobs, processes, or departments.

Usage

• The "cost ledger" is used in managerial and cost accounting to track all expenses related to production. It is distinct from the general ledger, as it focuses specifically on cost data for analysis and control purposes.
• It is typically used by accountants, financial managers, and business analysts within manufacturing or service companies.

Examples

• Noun:
  • The accountant updated the cost ledger to reflect the new raw material expenses.
  • Managers analyzed the cost ledger to identify areas for reducing production overhead.

Advanced Usage

• "To maintain a cost ledger": To keep this accounting record up-to-date.
  • It is essential for the factory to maintain an accurate cost ledger for profitability analysis.

Variants and Related Words

• Ledger (n): The principal book for recording financial transactions, of which a cost ledger is a specialized type.
• Cost accounting (n): The field of accounting that deals with the recording, classification, and analysis of costs, for which the cost ledger is a fundamental tool.
• Job cost ledger (n): A specific type of cost ledger that accumulates costs for individual jobs or projects.

Synonyms

• Cost record: A general term for any document tracking expenses.
• Expense ledger: A ledger focusing on expenditures, though not exclusively production-related.

Notes

• The term "cost ledger" is a compound noun. Its core meaning is derived from its function as a specific type of ledger ("ledger") used for a specific purpose ("cost"). It is a standard term in business and accounting vocabulary.

Học thuật

Noun

1. ledger showing the accumulated costs classified in various ways