UNIT-LEVEL ACTIVITY Definition

Bookmark and Share

UNIT-LEVEL ACTIVITY, in Activity Based Costing, is an activity that must be done for each unit of production.

Learn new Accounting Terms

REAL ACCOUNTS, also called permanent accounts, are the accounts; asset, liability, reserve and capital; whose balances are not canceled out at the end of an accounting period, but are carried over to the next period. These accounts appear on the post-closing trial balance and the statement of condition (balance sheet).

RAN see REVENUE ANTICIPATION NOTE.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.