Last in first out: Difference between revisions
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imported>Administrator (CSV import) |
imported>Doug Williamson m (Spacing 22/8/13) |
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(LIFO). | (LIFO). | ||
1. ''Accounting''. | |||
1. | |||
''Accounting''. | |||
A method of allocating stock for valuation purposes which assumes that the stock acquired or produced last is used first. | A method of allocating stock for valuation purposes which assumes that the stock acquired or produced last is used first. | ||
2. | 2. | ||
A method of selecting staff to be made redundant, the most recently joined staff being the first to be selected for redundancy. | A method of selecting staff to be made redundant, the most recently joined staff being the first to be selected for redundancy. | ||
== See also == | == See also == | ||
* [[First in first out]] | * [[First in first out]] | ||
Revision as of 11:51, 22 August 2013
(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.
