What is the meaning of lifo?

noun

  • Inventory accounting in which the most recently acquired items are assumed to be the first sold.
WordNet 3.0 © 2006 by Princeton University
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APAWordNet. (2010). LIFO. Retrieved September 20, 2026, from http://smartdefine.org/lifo/definitions/1291460
ChicagoWordNet. 2010. "LIFO" http://smartdefine.org/lifo/definitions/1291460 (accessed September 20, 2026).
HarvardWordNet 2010, LIFO, Smart Define, viewed 20 September, 2026, <http://smartdefine.org/lifo/definitions/1291460>.
MLAWordNet. "LIFO" 23 October 2010. Web. 20 September 2026. <http://smartdefine.org/lifo/definitions/1291460>
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