Glossary
JIT
just-in-time
job costing
the act of assigning cost to a specific job
journal entry
ane entry that documents business transactiosn between accounts, where cash has not been received, or a check has not been written.
journal vouchers
a document that provides written authorization for a financial transaction, either to supplement or to is used instead of a journal. It usually contains explanations, amounts, references etc. to support an entry
just-in-time
a manufacturing concept designed to eliminate waste and improve productivity. It is a pull system driven by demand, where one part is produced just before it is needed for the next operation.