Question

Explain principles of fifo (queue) and lifo (stack) in code

Answer 1

principal of Fifo and lifo is that ....they are a types of

Answer 2

In most sets of accounting standards, such as the International Financial Reporting Standards, FIFO (or LIFO) valuation principles are "in-fine" subordinated to the higher principle of lower of cost or market valuation. ... The "Save LIFO Coalition" argues in favor of the retention of LIFO.

Hope this will help you!!!