|Definition||:||Lower of Cost or Market|
|Category||:||Business » Accounting|
What does LCM mean?
Lower of Cost or Market (LCM or LOCOM) is an accounting rule for valuing and reporting inventory. The rule states that inventory should be measured at cost or market value whichever is lower.
|Sort By:||Popularity||Alphabetically||Filter by:||Country/Region:||Category:|
Frequently Asked Questions (FAQ)What is the full form of LCM in Accounting?
The full form of LCM is Lower of Cost or MarketWhat is the full form of LCM in Business?