Net realisable value in relation to inventory is:
A) estimated selling price less stock loss.
B) estimated discounted value.
C) estimated replacement value.
D) estimated selling price less anticipated further costs to complete the sale.

Question

Quizplus · Accepted Answer

Net realisable value in relation to inventory is the estimated selling price less anticipated further costs to complete the sale. This takes into account any costs such as transportation, storage, etc. that may be incurred before the inventory is sold.

Net Realisable Value in Relation to Inventory Is