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:

Anti-lol
1. The anti-lol is used as a means of expressing the lack of humour in a situation. It is best used at times when someone tries to make a j..
Read more
Inconvenience Store
1. A convenience store (in some cases referred to as 'off license' in the United Kingdom) where the clerks are generally inapt, u..
Read more
Hydrolate
1. The act of getting into a cold swimming pool one body segment at a time. Meg thought the water was too cold so she had to hydrolate to ..
Read more

Best StartPage for your browser.

All you need for a faster workflow in one place.



Get it for Free