Last in first out: Difference between revisions
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imported>Doug Williamson m (Spacing 22/8/13) |
imported>Doug Williamson (Classify page.) |
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== 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.
