UK Accounting Glossary
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.
To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.
Definitions for Absorption Account are sourced/syndicated from:
This glossary post was last updated: 27th January 2019.