Meaning Of The Word FIFO

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FIFO Meaning

FIFO Definition
FIFO Definition

What's The Definition Of FIFO?

FIFO in Accounting
abbreviation: FIFO is a method of accounting which assumes that the oldest stock is sold first.

FIFO in American English
a method of valuing inventories in which items sold or used are priced at the cost of earliest acquisitions and those remaining are valued at the cost of most recent acquisitions
noun

FIFO in British English
noun acronym for: first in, first out (as an accounting principle in costing stock)

FIFO in Retail
abbreviation: FIFO is a method of accounting which assumes that the oldest stock is sold first.

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