Define: Absorption Account

UK Accounting Glossary

Definition: Absorption Account


Quick Summary of Absorption Account




What is the dictionary definition of Absorption Account?

Dictionary Definition


An account opened when a system of double-entry cost accounting is in operation to show the amount of overhead that has been absorbed by the production.


Full Definition of Absorption Account




Absorption Account FAQ's



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https://payrollheaven.com/define/absorption-account/
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Absorption Account. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. July 17, 2019 https://payrollheaven.com/define/absorption-account/.
Chicago Manual of Style (CMS):
Absorption Account. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/absorption-account/ (accessed: July 17, 2019).
American Psychological Association (APA):
Absorption Account. PayrollHeaven.com. Retrieved July 17, 2019, from PayrollHeaven.com website: https://payrollheaven.com/define/absorption-account/

Definition Sources


Definitions for Absorption Account are sourced/syndicated from:

  • Oxford Dictionary Of Economics
  • BusinessDictionary.com
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 27th January 2019.