Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...


what is the difference between time keeping and time
booking?



what is the difference between time keeping and time booking?..

Answer / kannan.t

Time Keeping is concerned with the attendance and wage
calculation of employees whereas Time Booking is the
reporting of each worker’s time for each job and department
for cost analysis and dividing labour cost into various
jobs and departments. The main functions of time keeping
department are as follows:
1. To maintain discipline, regularly and punctuality
in the factory.
2. Meeting the statutory requirements.
3. Preparation of pay rolls where workers are paid on
time basis.
4. To record the arrival and departure time of
labourers for making distinction between normal time,
overtime, delay in attendance and early leaving.
5. For overhead rates, if based on labour hours.

Time Booking: Time booking means recording the rime
actually spend by a worker on various jobs done by him in
the factory.

Purpose of Time Booking: Time booking is necessary for:
1. Ascertaining labour cost of every job.
2. Providing time basis for apportionment for overhead
expenses
3. Having control over wastage of time – idle time
i.e., the difference between time keeping and time booking.

Is This Answer Correct ?    69 Yes 18 No

Post New Answer

More Accounting AllOther Interview Questions

What is contingent liability? Ex

2 Answers  


What is the diffrecnce between liabilities and owner's equity?

3 Answers   ABN AMRO,


What type of questions are asked for Interview of Manager Finance in Airport Authority of India ?

0 Answers  


Short Answer on ________Ad-Valorem Duties

0 Answers  


Expand C S T

6 Answers  


Can anyone expain.. why the sensex is in points. And why the ratios is calculated. In what way its uesfull to the organisations

0 Answers  


Authorised sharecapital is 20000,issued capital is 15000 shares and treasury stock is 3000 calculate the outstanding shares?

4 Answers   DataMonitor, FactSet Systems,


what is net worth

24 Answers   Bajaj, Capital IQ,


institutional investors?

0 Answers  


Please explain in brief why you consider yourself suitable for the position applied for?

2 Answers   Accounting, Godrej, KEC,


going concern concepts

2 Answers  


What do you mean by Leverage?

5 Answers   Deloitte,


Categories