Ask Me Help Desk

Ask Me Help Desk (https://www.askmehelpdesk.com/forum.php)
-   Accounting (https://www.askmehelpdesk.com/forumdisplay.php?f=19)
-   -   Why is FIFO preferred? (https://www.askmehelpdesk.com/showthread.php?t=248622)

  • Aug 13, 2008, 03:48 PM
    KDESHOTELS
    Why is FIFO preferred?
    Why is FIFO preferred? What are the advantages of using FIFO?
  • Aug 13, 2008, 03:51 PM
    plonak
    Using FIFO is a preferrence.. use the grocery store as an example, every new item they have they put in the back of the shelf and sell the older items first.. it helps with grocery stores so food doesn't just sit there and rot they are moving the older food out first before selling the new stuff hense First In is the First Out (sold) make sense?

  • All times are GMT -7. The time now is 12:53 AM.