FIFO vs LIFO Inventory Valuation

Yes, FIFO is still a common inventory accounting method for many businesses. It’s required for certain jurisdictions, while others have the option to use FIFO or LIFO. Good inventory management software makes it easy to log new orders, record prices, and calculate...

Fiat money Wikipedia

This is because consumers can trust the fact that they can go to their nearest store and exchange it for goods and services. If businesses don’t accept it, they can be subject to legal action. Commodity money has an underlying value, so the average consumer knows that...