What is FIFO, also define LIFO.?

Question added by Ali Raza , Manager MIS Budget & Expenditure , Allied Bank Limitted
Date Posted: 2017/02/20

Upvote (0) Views (1) Followers (0) Answers (0) Report Question

Be the First to Answer
Register now or log in to answer.

Which method will present greater operating income fifo or lifo in there was inflation ?
Top Answer: FIFO will present greater income. See More

Answers (1)
الفرق بين FIFO والــ lIFO وهل يمكن استحداث نظرية جديدة؟
Top Answer: الوارد اولا يصرف اولا : و هي ببساطة اول بضاعة تأتي من المشتري تصرف لاول بائع طلب البضاعة و تست ... See More

Answers (3)
In warehousing function what are the FIFO and LIFO and when do you use them?
Top Answer: LIFO and FIFO are acronyms ... See More

Answers (19)
There many ways to evaluate the goods ,but which the best in IFORS , GAAD 1. FIFO 2. LIFO 3.weighted average
Top Answer: Ok, I think you mean 'IFRS' and 'GAAP".Well, the thing is under IFRS or IAS2 to be precise, ... See More

Answers (1)