What is "back Flash Accounting"?

Answer Posted / jparandham

Back flushing can be referred to as automatic goods issue.
Systems will automatically post the goods issue when you
confirm the operations. You have no need to make manual
issue, thus reducing effort and costs.
Back flushing is automatic accounting of material consumed
for production, at the time of confirmation of the
production, e.g. when a 4 wheeler automobile is rolled out
from assembly line, 4 wheels and tires are deemed to be
consumed and issued to production order automatically by
way of back flushing by the system. The assembly line picks
the material from Stores/Assembly line and use. No physical
issue and manual posting of goods issue by stores is made.

Is This Answer Correct ?    2 Yes 5 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

i did mba finance in 2010,but i came from life sciences to mba,i know in interview they ask y u came from sciences,so what i tell?pls reply me.

1808


what is the subprime?explain it.

1779


Enter the following in the petty cash book, using appropriate expenditure column headings. the book is kept in the the amount of imprest system. the amount of imprest is #40,000

1206


i want to know the TDS deduction Chart for 2008/09 Eg : professional fee ,contractors ,subcontroctors. rent . ............

1993


What is Financial planning?

1604






i am called for interview but im getting confused wt sort of questions i wd have to face,its a bank job and post is cash ofiicer please help me.

1609


what is duties and responsibilities for clark working in sbi

1786


why should the company give first perference to the perference shareholders?

1999


define holding company,public company, if the compnay be a public company what will the criteria? asked on 30/7/09

1722


how to check which item is sold by the sundry debtors in tally?

1644


Indian Iran Gas pipeline

1696


deffered tax treatment in financial statements

1695


Explain why retained earnings have an opportunity cost associated?

2939


how to calculate share values of a company.

1672


If a bank lends money to FFMC's for working capital requirement, whether the Bank can have charge on the currencies FFMC deal/exchange, by way of hypothecation or is it just a clean loan.

1643