As2
This query is : Resolved
27 October 2012
Net Realisable Value - It means the estimated selling price in ordinary course
of business, less estimated cost of completion & estimated cost necessary
to make the sale.
Kindly let me know some examples of Estimated Cost of Completion in NRV??
what i understood with estimated cost necessary to make the sale is selling cost incurred to make the product saleable.
Best Regards,
Piyush Goel
of business, less estimated cost of completion & estimated cost necessary
to make the sale.
Kindly let me know some examples of Estimated Cost of Completion in NRV??
what i understood with estimated cost necessary to make the sale is selling cost incurred to make the product saleable.
Best Regards,
Piyush Goel
28 October 2012
As 2 speaks about valuation of inventory and there are several methods to value the same but generally it is COST OR MARKET VALUE WHICHEVER IS LOWER. Now, which cost? If you have purchased the inventory with the borrowed funds then add the borrowing cost, Rented go down for keeping inventory then add it like this the cost is to be calculated.
28 October 2012
That's Ok Mr. Aggarwal but what is cost of completion in NRV calculation??
28 October 2012
Example of Cost of Completion of sale is If you sold the goods through agent based on the Commission, that commission amount will be cost of completion of such sale which will be deducted from sale value for arrive NRV
28 October 2012
thanks for your reply.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Unanswered Queries
- Opting our of sec 44AD
- GST Treatment of Insurance Commission for Existing GST Holder
- Form 121 & TDS deduction
- Inter corporate deposits
- SALE OF MOTOR CAR BY REGISTERED INDIVIDUAL
- LC charges in relation to Asset purchased should be Capitalised ?
- Multiple trade mark
- Transporter Declaration form
- Regarding appeal to GSTAT
- Invoice V/S Goods receipt Note Date
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
- Updated return in budget 2026
- Clarification Required on GST Rate & HSN Classification – Millet-Based Probiotic Drink
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
