Business, Legal & Accounting Glossary
To assimilate or incorporate amounts in an account or group of accounts so that they are absorbed and lose their identity.
In accounting to absorb means to assimilate or incorporate amounts in an account or group of accounts so that they are absorbed and lose their identity.
To absorb in accounting means to spread an expense across multiple accounts. The absorption process entails distributing a cost based on a methodology that is regularly applied. Absorption should ideally be determined by how the expense in the source account is used.
consume
absorbing
engross
assimilate
take in
Accounting for Inventory
Activity-Based Costing
Cost Accounting Fundamentals
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This glossary post was last updated: 13th April, 2022 | 0 Views.