First in first out

From ACT Wiki
Revision as of 14:19, 23 October 2012 by imported>Administrator (CSV import)
(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)
Jump to navigationJump to search

(FIFO). Accounting. A method of allocating stock for valuation purposes which assumes that the stock acquired or produced first is used first.

See also


Retrieved from ‘https://wiki-dev.treasurers.org/w/index.php?title=First_in_first_out&oldid=21245’