What is the FIFO Method of Inventory Control
The FIFO or First-In, First-Out inventory method is probably one of the most popular used by companies to manage their stocks. It lies on the rationale that the products oldest in (first-in) should be utilized or sold prior (first-out). This can work well especially with companies operating in perishables, including drugs, food products, and similar […]
What is a Bill of Exchange?
A bill of exchange is a financial instrument or written document that represents an order made by a drawer to another party drawee for the payment of a specific amount of money to a third party (payee) at a fixed future date or on demand. This article seeks to give a thorough understanding of what […]