| 释义 |
last-in, first-out
last-in, first-out (lăst′ĭn′ fûrst′out′)n. A method of inventory accounting in which the cost of the latest units to enter the inventory is matched with the income from the first units sold. Also called LIFO.last′-in′, first′-out′
n. 1. a method of handling inventory costs at the price of the earliest items, assuming that items purchased last will be sold first. Abbr.: LIFO Compare first-in, first-out. 2. LIFO (def. 2). [1935–40] See LIFO
See LIFOLegalSeeLIFOlast-in, first-out
Last In, First OutIn accounting, a technique for valuing inventory by treating inventory acquired most recently as if it were sold first. The sale of inventory is recorded against the purchase price of the most recently acquired inventory, even if the physical goods are not the same. In times of high inflation, the last-in, first out technique reduces a business' inflation risk. It also may reduce one's tax liability. For these reasons, most American firms have used this technique in their accounting since the 1970s.last-in, first-out (LIFO) An accounting method for identifying the order in which items are used or sold. With last-in, first-out, the most recently acquired items are assumed to be sold first. During a period of inflation, last-in, first-out accounting tends to result in high costs that reduce reported profits. The reduced profits result in a lower income-tax liability. Compare first-in, first-out.last-in, first-out see REDUNDANCY.
last-in, first-out (LIFO) see STOCK VALUATION.
last-in, first-out
Last In, First OutIn accounting, a technique for valuing inventory by treating inventory acquired most recently as if it were sold first. The sale of inventory is recorded against the purchase price of the most recently acquired inventory, even if the physical goods are not the same. In times of high inflation, the last-in, first out technique reduces a business' inflation risk. It also may reduce one's tax liability. For these reasons, most American firms have used this technique in their accounting since the 1970s.last-in, first-out (LIFO) An accounting method for identifying the order in which items are used or sold. With last-in, first-out, the most recently acquired items are assumed to be sold first. During a period of inflation, last-in, first-out accounting tends to result in high costs that reduce reported profits. The reduced profits result in a lower income-tax liability. Compare first-in, first-out.last-in, first-out see REDUNDANCY.
last-in, first-out (LIFO) see STOCK VALUATION. |