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What is the purpose of time keeping in Cost Accounting?

The Purpose of Time Keeping In Cost Accountnig.

The main purpose of time keeping are as follows:

  • It controls idle time.

    Timekeeping: Explore the History and Science of Telling Time ...

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  • It identifies the late comers.
  • It increases the discipline among the workers.
  • It helps to create a healthy environment in the factory.
  • it maintains a record of the job performed by labor.
  • It enables implementation of various incentive schemes.
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