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Anthony.B Chiriyankandathu House's image
Question added by Anthony.B Chiriyankandathu House
8 years ago

What is the meaning of FIFO method in Stores?‎

Dear Sir,   FIFO means first in first out.. the goods came first inword goods to be issue first outword...   Thanks, Antony.B =‎

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Question added by salah mohammed مدير تنفيذى مؤسسه الشرقاوى لتجاره والتوريداد
9 years ago
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أمير محمد محمد مصطفى's image  
Answer added by  أمير محمد محمد مصطفى, senior sales, Kemet Corporation - CAD/CAM/CAE systems
11 years ago

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Answer added by  Deleted user
8 years ago

FIFO applies in accounting and in supply chain as well. It means that you sent out first, the first you received.  For accounting it's a way to measure in currency t ... See More

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Answer added by  Ghina Said, Public Diplomacy and Media Outreach Expert, European Union Delegation to the UAE
11 years ago

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