Accounting for IGCSE & O level - Final Statements (Section 6 - No. 46)
When valuing inventory, what is 'Net Realizable Value (NRV)'?
Original cost of the inventory
Current selling price.
Estimated selling price less selling costs.
Replacement cost
स्पष्टीकरण
NRV is the estimated selling price of inventory less any direct costs to sell it.