FIFO vs LIFO Accounting Joke

EXPOSURE DRAFTS BY GREG KYTE FIFO LIFO

A two-panel black-and-white cartoon shows a seated man using a toilet while holding a phone, followed by the same man bending over and reaching toward the toilet. The panels are labeled FIFO and LIFO, turning accounting inventory methods into a literal visual joke about the order in which things come out. It is shared as an absurd accounting reaction meme about confusing or overly literal business terminology.

• @profunctor_io / 4901 2020-07-09