Home > Term: Last in, first out (LIFO)
Last in, first out (LIFO)
An accounting method that fixes the cost of goods sold to the most recent purchases. Hence, if prices are generally rising, LIFO will lead to lower accounting profitability.
- ส่วนหนึ่งของคำพูด: noun
- อุตสาหกรรม/ขอบเขต: Financial services
- Category: General Finance
- Company: Bloomberg
0
ผู้สร้าง
- Jessehe
-
(V.I.P) 32013 points - 40.13% positive feedback
