Meaning Of The Word LIFO
What's the definition of LIFO? Find LIFO meanings, definitions and more at the Real Dictionary online.
LIFO Meaning
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What's The Definition Of LIFO?
LIFO in Accounting
abbreviation: LIFO is a method of valuing inventory which assumes that the newest stock is sold first. LIFO in American English a method of valuing inventories in which items sold or used are priced at the cost of the most recent acquisitions and those remaining are valued at the cost of earliest acquisitions noun LIFO in British English noun acronym for: last in, first out (as an accounting principle in sorting stock) LIFO in Retail abbreviation: LIFO is a method of valuing inventory which assumes that the newest stock is sold first. |
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