FIFO

Pronunciation (US):

(GB):

 I. (noun) 

Sense 1

Meaning:

Inventory accounting in which the oldest items (those first acquired) are assumed to be the first sold

Synonyms:

FIFO; first in first out

Classified under:

Nouns denoting acts or actions

Hypernyms ("FIFO" is a kind of...):

inventory accounting (accounting that controls and evaluates inventory)

Credits