What is the meaning of fifo - Majhi Naukri Forum

Questions › Category: Bharti / Recruitment › What is the meaning of fifo

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suchita_pawar asked 6 years ago

11 Answers

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Aslam answered 6 years ago

"FIFO" stands for first-in, first-out,

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nileshpatil1834 answered 6 years ago

first-in, first-out.

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Ramkrushna Rajole answered 6 years ago

"FIFO" stands for first-in, first-out, meaningthat the oldest inventory items are recorded as sold first but do not necessarily mean that the exact oldest physical object has been tracked and sold. In other words, the cost associated with the inventory that was purchased first is the cost expensed first.

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Rani Kedare answered 6 years ago

FIFO stands for first-in first-out

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Quorans answered 6 years ago

first-in, first-out,

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kadam123 answered 6 years ago

“FIFO” stands for first-in, first-out, meaningthat the oldest inventory items are recorded as sold first but do not necessarily mean that the exact oldest physical object has been tracked and sold

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Akshay Shinde answered 6 years ago

"FIFO" stands for first-in, first-out, meaning that the oldest inventory items are recorded as sold first but do not necessarily mean that the exact oldest physical object has been tracked and sold. In other words, the cost associated with the inventory that was purchased first is the cost expensed first.