JIT Stands For

question 7

Multiple Choice

JIT stands for:

• A) Just in time training
• B) Just intuition training
• C) Job intuition training
• D) Job instruction training

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Definitions:

Bank

A financial institution licensed to receive deposits, offer loans, and provide other financial services, such as currency exchange.

Note Receivable

A financial asset representing a borrower's promise to pay the holder a specific sum of money either on demand or at a future specified date.

Bank Reconciliation

The process of matching and comparing figures from the accounting records against those shown on a bank statement to ensure they are in agreement.

Book Balance

The balance of an account according to the accounting records, before any adjustments or reconciliations have been made.