BUFFER is anything that stands between two other things. For example, an inventory buffer would be additional inventory over and above committed or planned inventory. The inventory buffer will act as an inventory reserve to ensure that sufficient inventory is available when and if required, i.e., the buffer inventory stands between committed inventory and out-of-stock status.
CLOSING ACCOUNT is the determining the balance of an account and posting an entry to offset such balance.
EXPIRED EXPENSE is an expense having come to an end or become void after passage of a period of time.
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