Last in first out: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson m (Spacing 22/8/13) |
imported>Doug Williamson (Classify page.) |
||
Line 15: | Line 15: | ||
== See also == | == See also == | ||
* [[First in first out]] | * [[First in first out]] | ||
* [[Inventory]] | |||
* [[Stock]] | |||
[[Category:Accounting,_tax_and_regulation]] | |||
[[Category:Liquidity_management]] |
Revision as of 07:47, 24 August 2019
(LIFO).
1.
Accounting.
A method of allocating stock for valuation purposes which assumes that the stock acquired or produced last is used first.
2.
A method of selecting staff to be made redundant, the most recently joined staff being the first to be selected for redundancy.