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Costing system which omits some of journal entries in accounting system...

This question belongs to Commerce Costing
Costing
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Costing system, which omits some of journal entries in accounting system is known as

Answer & Solution
Correct Answer: Option C
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.
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