# LIFO stands for__________? with Answer - Accounting Mcqs | TestPrep

> Solved MCQ: LIFO stands for__________? Correct Answer: D. Last in, First Out. Verified answer explanation for FPSC, PPSC, MDCAT, NTS, and CSS competitive exam preparation.

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# LIFO stands for__________?

Direct Answer & Quick Reference

The correct option is **D. Last in, First Out**.

A. Lots in , Few out

B. Link input, Format Output

C. Last input, First Output

D. Last in, First Out **(Correct Answer)**

Verified Key: D. Last in, First Out
Solved by 3,555+ students

Verified against official examination board answer keys and standard curriculum textbooks.

- [Previous Question The accounting process of gradually converting the unexpired cost of fixed assets into expenses over a series of accounting periods is_________?](https://test-prep.blog/mcq/the-accounting-process-of-gradually-converting-the-unexpired-cost-of-fixed-asset-20c80b24-ee5c-4c5b-9fee-1b3150620ab8)
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## Related Questions

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