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inventory accounting vs first in first out

first in first out vs inventory accounting

inventory accounting and first in first out both are nouns.

Word NounAdjectiveVerbAdverb
inventory accounting Yes No No No
first in first out Yes No No No
As nouns, first in first out is a hyponym of inventory accounting; that is, first in first out is a word with a more specific, narrower meaning than inventory accounting:
  • inventory accounting: accounting that controls and evaluates inventory
  • first in first out: inventory accounting in which the oldest items (those first acquired) are assumed to be the first sold
Other hyponyms of inventory accounting include FIFO, last in first out, LIFO.
inventory accounting (noun) first in first out (noun)
accounting that controls and evaluates inventory inventory accounting in which the oldest items (those first acquired) are assumed to be the first sold
Difference between inventory accounting and first in first out

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