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inventory accounting vs last in first out

last in first out vs inventory accounting

inventory accounting and last in first out both are nouns.

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

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