what is mean by net realizable value and cost of goods sold..
what is mean by net realizable value and cost of goods sold..
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 .
Cogs= https://www.mca.gov.in/SearchableActs/Schedule3.htm
Nrv= https://cleartax.in/s/as-2-inventories-valuation
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