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Period adjustments - PowerPoint PPT Presentation

Chapter 4 Part 2

Chapter 4 Part 2. Source Documents 1. Job Cost Record - is a document that records and accumulates all the costs assigned to a specific job. - is the basic record for product costing. Materials Requisition Record

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Statement of Retained Earnings And Prior Period Adjustments

Statement of Retained Earnings And Prior Period Adjustments. Prior Period Adjustments Adjustments to the Beginning Balance of Retained Earnings to correct accumulated earnings reported from prior years. Prior Period Adjustments may be reported to adjust for

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Period adjustments - PowerPoint PPT Presentation

Chapter 4 Part 2

Statement of Retained Earnings And Prior Period Adjustments