In Accounting,students Talk About LIFO and FIFO;these Are Two Examples

question 72

Short Answer

In accounting,students talk about LIFO and FIFO;these are two examples of shortcuts called _________ that many in the field take to talk in code.

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Definitions:

Writing

The process of using symbols, such as letters or characters, to communicate thoughts and ideas in a readable form.

Legislative Propositions

Suggested laws or amendments that are introduced into a legislative body for consideration.

Pleadings

The formal documents filed with the court that outline the parties' positions, claims, defenses, and issues in a litigation matter.

Letters

Written communications between parties, often used for formal or professional correspondence.