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
D
lead time costing
Correct Answer: back flush costing
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.