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Its the net realizable value
Net Realizable Value
Following are methods 1 - Splitoff point method 2 - Net realizable value method
The Separate Valuation Principle states that inventory should be valued at the lower of cost (costs minus additional costs to make item saleable ,eg.conversion costs,transportation cost etc.) and its Net Realizable value.
1. Net purchases +? = cost of goods purchased 2. Net purchases = ? + ? = purchases
Current cost. Replacement cost or net realizable value.
Its the net realizable value
Net realizable value
Net realizable value. The amount a firm can collect in cash by selling an item, less the costs (such as commissions and delivery costs) of disposition.
Net Realizable Value
Which one of the approaches for the allowance procedure emphasizes the net realizable value of accounts receivable on the balance sheet?
Following are methods 1 - Splitoff point method 2 - Net realizable value method
Accountants use net relizable value in evaluation; as it is more prudent, it takes into account the depreciation of an asset. This gives a more realistic value and is a better measure of an asset.
The Separate Valuation Principle states that inventory should be valued at the lower of cost (costs minus additional costs to make item saleable ,eg.conversion costs,transportation cost etc.) and its Net Realizable value.
calculate the Net calorific value by It's 4.2 calories per gram, multiply the number of grams by 4.2.
Net income = Net Sales - Expenses (the cost of doing business)
1. Net purchases +? = cost of goods purchased 2. Net purchases = ? + ? = purchases