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Time Book and Return of Work done in Machine Shop of Frankford Arsenal from Metcalfe's Systems of cost accounting, 1885.. A time book is a mostly outdated accounting record, that registered the hours worked by employees in a certain organization in a certain period. [1]
The history of accounting or accountancy can be traced to ancient civilizations. [ 1 ] [ 2 ] [ 3 ] The early development of accounting dates to ancient Mesopotamia , and is closely related to developments in writing , counting and money [ 1 ] [ 4 ] [ 5 ] and early auditing systems by the ancient Egyptians and Babylonians . [ 2 ]
When cost accounting was developed in the 1890s, labor was the largest fraction of product cost and could be considered a variable cost. Workers often did not know how many hours they would work in a week when they reported on Monday morning because time-keeping systems (based in time book) were rudimentary. Cost accountants, therefore ...
Pages in category "History of timekeeping" The following 7 pages are in this category, out of 7 total. This list may not reflect recent changes. ...
Eric Bruton, in his book The History of Clocks and Watches, has described H4 as "probably the most remarkable timekeeper ever made". [157] After the completion of its sea trials during the winter of 1761–1762 it was found that it was three times more accurate than was needed for Harrison to be awarded the Longitude prize.
A time clock, sometimes known as a clock card machine, punch clock, or time recorder, is a device that records start and end times for hourly employees (or those on flexi-time) at a place of business. In mechanical time clocks, this was accomplished by inserting a heavy paper card, called a time card
A petty cash book is a record of small-value purchases before they are later transferred to the ledger and final accounts; it is maintained by a petty or junior cashier. This type of cash book usually uses the imprest system: a certain amount of money is provided to the petty cashier by the senior cashier. This money is to cater for minor ...
Contemporary time sheet. A timesheet (or time sheet) is a method for recording the amount of a worker's time spent on each job. Traditionally a sheet of paper with the data arranged in tabular format, a timesheet is now often a digital document or spreadsheet. The time cards stamped by time clocks can serve as a timesheet or provide the data to ...