HISTORY OF LIFO

Authors
Davis, Harry Zvi
Citation
Davis, Harry Zvi, HISTORY OF LIFO, Accounting historians journal , 9(1), 1982, pp. 1-23
Journal title
Accounting historians journal → ACNP
ISSN journal
01484184
Volume
9
Issue
1
Year of publication
1982
Pages
1 - 23
Database
ACNP
SICI code
Abstract
The history of LIFO illustrates the interplay of taxes and the general acceptance of accounting principles. In this paper, the gradual acceptance of LIFO in the United States is traced. The study focuses on both the theoretical evolution of LIFO and its acceptance by taxing authorities and accountants.