Accounting for IGCSE & O level - Final Statements (Section 6 - No. 15)
What is 'Net Realizable Value (NRV)'?
The cost of the inventory.
The original selling price.
The estimated selling price less the costs to complete or sell.
The amount paid for the inventory.
Paskaidrojums
NRV is the estimated selling price less the costs to sell/complete.