Meaning Of The Word FIFO
What's the definition of FIFO? Find FIFO meanings, definitions and more at the Real Dictionary online.
FIFO Meaning
| FIFO Definition |
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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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