Accountancy, asked by nelsonchozahh, 1 year ago

Please can you tell me more and long explanation...i.e difference between time keeping and time booking

Answers

Answered by helpme4
1
# 1 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.
Similar questions