What is the definition of Perpetual inventory lifo? | Dictionary.net

PERPETUAL INVENTORY LIFO

\pəpˈɛt͡ʃuːə͡l ˈɪnvəntɹˌi lˈiːfə͡ʊ], \pəpˈɛt‍ʃuːə‍l ˈɪnvəntɹˌi lˈiːfə‍ʊ], \p_ə_p_ˈɛ_tʃ_uː_əl ˈɪ_n_v_ə_n_t_ɹ_ˌi l_ˈiː_f_əʊ]\

Definitions of PERPETUAL INVENTORY LIFO

1910 - Black's Law Dictionary (2nd edition)

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An automatic, or manual system of inventory accounting in which the inventory is accounted using a last in, first out based in which any deliveries or adjustments are made as soon as they take place.

1910 - Black's Law Dictionary (2nd edition)
By Henry Campbell Black

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