what is mean by net realizable value and cost of goods sold..
cost of goods sold & net realisable value
MPR sanjay Kumar (CA student) (216 Points)
14 February 2021
MPR sanjay Kumar (CA student) (216 Points)
14 February 2021what is mean by net realizable value and cost of goods sold..
prasad Nilugal
( GST Practitioner & Accounts )
(14167 Points)
Replied 14 February 2021
1) Net realizable value is estimated selling price of goods , minus the cost of their sale .
2) Cost of Goods sold = Oping stock + purchase - closing stock .
MPR sanjay Kumar
(CA student)
(216 Points)
Replied 14 February 2021
yasaswi gomes
(My grammar is 💯 good I)
(7290 Points)
Replied 15 February 2021
Cogs= https://www.mca.gov.in/SearchableActs/Schedule3.htm
Nrv= https://cleartax.in/s/as-2-inventories-valuation
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