Q356
Costing system, which omits some of journal entries in accounting system is known as
A.
in-time costing
B.
trigger costing
C.
back flush costing
AnswerD.
lead time costing
Answer: Option C
Solution
Answer: Option C
Solution:
Costing system, which omits some of journal entries in accounting system is known as back flush costing. Backflush costing is a product costing system generally used in a just-in-time (JIT) inventory environment.