Manufacturing
Replacement of Consumable Tooling/Molds
Recording the purchase of specialized molds that wear out after a set number of uses.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Factory Supplies (Tooling) | Asset (+) | 2,000.00 | - |
| Accounts Payable | Liability (+) | - | 2,000.00 |
💡 Accountant's Note
Molds are often 'prepaid' assets. They are expensed into Overhead based on the number of units they produce (Units of Production method).
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