FSC Definition

Bookmark and Share

FSC is Foreign Sales Corporation.

Learn new Accounting Terms

LIFO LIQUIDATION is a reduction in the reported value of inventory below levels established in prior years under the LIFO method; arises when purchases for the period are not sufficient to offset the sale of inventory in the period.

CASH IN BANK literally means coin, currency, and cash items on deposit.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.