| 单词 | Last in first out valuation |
| 释义 | 後入先出 Abbr – LIFO An accounting method used for assigning costs to trading stock and work in progress of an entity. This method assumes that the items last acquired have been disposed of first and the cost of the items on hand at the end of an accounting period is considered to be the cost of the same number of items first acquired. It is the opposite of the first in the first out (FIFO) method of trading stock valuation. LIFO cannot be used to value trading stock for taxation purposes: Minister of National Revenue v Anaconda American Brass Ltd [1956] AC 85, 1 All ER 20. See also First in first out valuation; Trading stock. 縮寫 ─ LIFO。用以分配實體的商品存貨及進行中的工作之成本會計方法。此方法假設最後取得的物品乃首先被處置掉者，而在會計期結束之時，手上的物品之成本正是首先取得的同等數目物品之成本。它與稅收方面的先入先出（FIFO）商品存貨估值相反：Minister of National Revenue v Anaconda American Brass Ltd [1956] AC 85, 1 All ER 20。另見 First in first out valuation; Trading stock。 |
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