INVENTORY ACCOUNTING

Pronunciation (US):

(GB):

IPA (US):

 Dictionary entry overview: What does inventory accounting mean? 

• INVENTORY ACCOUNTING (noun)
  The noun INVENTORY ACCOUNTING has 1 sense:

1. accounting that controls and evaluates inventory

  Familiarity information: INVENTORY ACCOUNTING used as a noun is very rare.

 Dictionary entry details 

• INVENTORY ACCOUNTING (noun)

Sense 1

Meaning:

Accounting that controls and evaluates inventory

Classified under:

Nouns denoting acts or actions

Hypernyms ("inventory accounting" is a kind of...):

accountancy; accounting (the occupation of maintaining and auditing records and preparing financial reports for a business)

Hyponyms (each of the following is a kind of "inventory accounting"):

FIFO; first in first out (inventory accounting in which the oldest items (those first acquired) are assumed to be the first sold)

last in first out; LIFO (inventory accounting in which the most recently acquired items are assumed to be the first sold)