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متابعة

In Finance what does FIFO stands for or used for :?

a) Finance In Family Out

b) Family in Finance Out

c) File in Figures Out

d) First In First Out

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تم إضافة السؤال من قبل Mohammed Asim Nehal , M Asim Nehal & Co , Chartered Accountants
تاريخ النشر: 2015/08/13
Ahmed kandil
من قبل Ahmed kandil , Cost Controller , Battour Holding Cpompany

D is the correct Answer 

Thanks 

Sadiq Kareem
من قبل Sadiq Kareem

First In First Out,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,

Sohail Lone
من قبل Sohail Lone , Assistant Manager Audit , Deloitte - United Arab Emirates

FIFO stands for First in First Out model ,other being weighted average cost method for valuing inventory. As per Current accounting standards LIFO is not used anymore as valuing inventory.

moiz tajpurwala
من قبل moiz tajpurwala , sales executive , Etisalat

in finance first in first out...

Etchu Atem
من قبل Etchu Atem , Group Accountant , LabPro Pharma Africa, LLC

D is the correct answer and FIFO is an inventory valuation method as LIFO

Hooshang Karimi Babaahmadi
من قبل Hooshang Karimi Babaahmadi , Electrical Lead Engineer , Iran Industrial Network Development (previously)

D IS CORRECT.

Also in warehousing and storage FIFO is valid.

Muhammad Jawad Hameed
من قبل Muhammad Jawad Hameed , manager accounts , BizNav Chartered Accountants

In Finance FIFO stands for "First In First Out" So the answer is "D"

Sherlyn Sagun
من قبل Sherlyn Sagun , General Accountant , CLEENOL MIDDLE EAST GENERAL TRADING

my answer to this question is letter d) First In First Out

Sayed Rubab Sayed
من قبل Sayed Rubab Sayed , Finance Officer , The Next

My option is D..........,,,,,,,,,,.,..,.,,.,.,,.

Shahbaz Hayder
من قبل Shahbaz Hayder , Group Head of Finance , Sharif Group of Companies

Option d is the right answer.

Hani Sharkas
من قبل Hani Sharkas , Lead Mechanical Engineer , Department of Technical Services

D is the right answer...........

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