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• What is LIFO & FIFO?
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Answer / rajesh
Lifo means Last in First Out
Fifo means First in First Out
| Is This Answer Correct ? | 7 Yes | 0 No |
Answer / hemanta behera
lifo-Last in first out
Exam-the stok who comes in last times in our company.the
stok send to first
fifo-first in first out
Exam-thes stok who comes in first times in our company.we
have relise the stok first
| Is This Answer Correct ? | 6 Yes | 0 No |
Answer / dipali
it is a accounting technique used for inventory management
and in other financial matters.
in which
LIFO means oldest inventory item is recorded as sold first.
FIFO means new inventory item recorded as sold first.
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