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You've spent bundles on payroll training people and they're on the books at zero? And on and on in our custodial/general ledger system of accounting—originally developed by the medieval merchants of Genoa.
Cost accounting was developed in the early 1900s for mass production. We adapted it to printing as job cost accounting even though our products are not mass productions of the same product. Cost accounting's not a double entry system since it isn't custodial. If you disbelieve that, sum up all your job costs for last year and compare it with the sum of your general ledger costs for the same categories. Surprised?
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