what is mean by net realizable value and cost of goods sold..
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cost of goods sold & net realisable value
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Quick Summary
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 .
Give an example for this two terms and case studies plse
Cogs= https://www.mca.gov.in/SearchableActs/Schedule3.htm
Nrv= https://cleartax.in/s/as-2-inventories-valuation
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