Question

what is the full form of FIFO​

Answer 1

Answer:

First In, First Out (FIFO) is an accounting method in which assets purchased or acquired first are disposed of first. FIFO assumes that the remaining inventory consists of items purchased last.

Answer 2

First In, First Out (FIFO) is an accounting method in which assets purchased or acquired first are disposed of first. ... An alternative to FIFO, LIFO is an accounting method in which assets purchased or acquired last are disposed of first.