Avco

What is Avco?


1.

Stock control method. Whereas issues using fifo (first in, first out) and lifo(last in first out) base stock issue prices at the first/last issue, avco (weighted AVerage COst) takes the mean cost of stock and issues at that price.

We account for stock issues using avco.

See Kung-Fu Jesus


39

Random Words:

1. A person who has conquered both time and space, usually fictional with the exception of a few cases. Person a: Jesus christ! He's ..
1. A lame-ass defence commonly used by prison inmates, adolescent children and adulterous spouses. Bubba: What if the guard finds my shank..
1. When someone does something for no particular reason, just to see the results. Andy and Bolt pwned 200 people just for the "what t..