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Net realizable value:

Complete the equation for net realizable value: NRV= Sales Value-_

Budgeting Financial Reporting Financial Accounting Financial Analysis Management
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Question added by Anayatullah Tahir , Accounting Consultant , Various
Date Posted: 2014/03/24
Upvote (3) Views (11) Followers (1) Answers (4) Report Question
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Muhammad Zubair
by Muhammad Zubair , CFO / Chief Accountant , RH Group

Sales values less cost of completion and cost necessary to make the sale.

Mukkaram Siddique
by Mukkaram Siddique , Finance, Management & Stocks , Amazon Foods Saudi Arabia

NRV = Sales Value - Accumulated Costs to Sell 

Mark John Domingo
by Mark John Domingo , General Accountant , Palma Holding

NRV = Sales Value - Cost to complete - cost to sell

Maroun Abou Chaaya
by Maroun Abou Chaaya , Finance Manager & Internal Auditor , HMD Africa S.A.L (Offshore)

any cost to complete and to sell the goods

 

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