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 synonym for rich. That's so AL-ODB! Or that kid's parents are all AL-ODBed out! See rich, odb, hood rich, ghetto fabulous..
1. having to do something for someone and not having a choice in the matter. and if you say something the media and people on their side wi..
1. The same meaning as "What the fuck," just saying the letters out. Mostly Australians use it, but it sounds funny as hell. Bob..