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Cost Accounting – I
Notes the number of the worker. It may be noted that the sheet of paper in which the time
is recorded provides a running account of the worker’s time.
The advantages of this method are stated below:
z Avoids the necessity of recopying attendance time in the payroll, and
z Allows greater accuracy and avoids much loss of time.
The disadvantages of dial time recorders method are:
z Capacity is limited of the machine, and
z Presence of time-keeper is necessary to prevent fraud and irregularities.
(b) Card Time Recorders: Under card time recorders method, a clock card is allotted to
each worker in which his attendance is recorded. In this latest type of card time
recorder, the worker is to insert his clock card into the machine; the time is then
automatically stamped in the correct position. Late arrivals, early leavings, overtime,
etc. are printed in red to attract attention. It enjoys all the advantages of the dial time
recorders.
Time Booking
In addition to recording of employees’ attendance in and out of the organisation or factory or
department, it is also necessary to record the time spent on each work order, job or operation as
well as the particulars of work done. This is what is known as time-booking. Large organizations
or factories keep time-recording clocks for maintaining records of time spent on each work, job
or operation but in small organizations, this may be done manually. The nature of documents
maintained for this purpose will vary depending upon the size of the factory or organization.
The following documents are generally in use:
(i) Daily Time Sheets: Each worker is given a daily time sheet in which he records the
particulars of his time spent on each job or work order. Daily Time Sheets are maintained in
small works which do not go to the expense of a card time recorder. The worker completes
the sheets everyday and hands it over to the foreman for signature. This acts as a check on
the correctness since the foreman puts his signature daily. Daily time sheet consists of the
following particulars:
z Name of worker,
z Worker clock card number,
z Name of the department,
z Date of work done,
z Machine number,
z Type of job or Work order,
z Starting and finishing time of the job or work,
z Signature of foreman, etc.
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