| 单词 | first-in, first-out |
| 释义 | first-in, first-out = (FIFO) An accounting convention which assumes that when a firm uses materials it uses first those which it has held in stock longest, so that the first stocks to enter its stores are the first to leave. FIFO is contrasted with last-in, first-out (LIFO), which is the convention that the first stocks to be used are those most recently acquired. |
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