Festive Savings Are Here. Get 10% OFF on All CCI Pro Plans. Subscribe Now!

Accounting standards

Save Share

Join Us Follow Us Add as Source

This query is : Resolved

Report Query Ask a Query

Querist : Anonymous

Querist : Anonymous (Querist)

10 January 2012 what is the exact difference between market value and net realisable value ?

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)

10 January 2012 Market value is the saleable or marketable value of one stock, is that current market rate of the product

Net realisable value is sale value less the expenses related to the sale of materials

Querist : Anonymous

Querist : Anonymous (Querist)

10 January 2012 some of the authors say that market value is the price quoted in the market net of all expenses..wouldnt that be the same as nrv ?

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)

10 January 2012 Net realisable value will be calculated only for the damaged stock or wholly or partially obsolete or value of material declined in the market.

Querist : Anonymous

Querist : Anonymous (Querist)

10 January 2012 so u mean net realisable value will be usually old stock and market value always new stock..is that the difference

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now