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Accounting Glossary: LIFO (Last in, first out)

Our accounting and bookkeeping Terms glossary has definitions to over 150
accounting (accouting) and bookkeeping terms or tax terms.

Use this accounting resource to improve your accounting knowledge and bookkeeping understanding. All of these accounting terms have been reviewed and are written so they can be understood for a wide range of accountants, bookkeeppers, cpas professionals.

Please pick a letter to proceed to the terms associated with that letter.

ABCDEFGHIJKLMNOPQRSTUVWXYZ
Last-In-First-Out (LIFO)
Liabilities
LIFO (Last in, first out):
A method of inventory valuation in which the last items entered into inventory are considered the first items out
Line Of Credit
Liquidity
Long-Term Debts
Long-Term Liabilities


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