Workforce Turnover Cost
Workforce turnover cost refers to the total expense incurred when employees leave and must be replaced. It includes recruitment, onboarding, training, and lost productivity costs. Proper accounting of turnover costs helps evaluate HR efficiency and control operational expenses.
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Withdrawals (Owner’s Drawings)
Withdrawals refer to funds or assets taken out of the business by the owner for personal use. These are recorded…
Working Trial Balance
A working trial balance is an internal report prepared before finalising financial statements. It includes all ledger accounts and adjustments,…
Work Order Accounting
Work order accounting tracks the costs, materials, and labour associated with specific projects or manufacturing jobs. It helps determine actual…
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