| 释义 |
inventory accounting
Thesaurus| Noun | 1. | inventory accounting - accounting that controls and evaluates inventoryaccountancy, accounting - the occupation of maintaining and auditing records and preparing financial reports for a businessFIFO, first in first out - inventory accounting in which the oldest items (those first acquired) are assumed to be the first soldlast in first out, LIFO - inventory accounting in which the most recently acquired items are assumed to be the first sold |
Inventory Accounting
Inventory AccountingA branch of accounting that values the inventory of companies. Inventory accounting may (or may not, depending on the tool being used) increase an inventory's value if its market price increases or if its carrying costs are low. On the other hand, it may (or many not) decrease the value if its depreciation is high or if the inventory is becoming obsolete.inventory accounting
Related to inventory accounting: Inventory managementWords related to inventory accountingnoun accounting that controls and evaluates inventoryRelated Words- accountancy
- accounting
- FIFO
- first in first out
- last in first out
- LIFO
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