Cost Lower than Net Realized Value
Net realized value is the estimated selling price in ordinary business activities, the cost of completion of which is less predictable disposal or often referred to as the net selling price. Regulatory bodies in the field of accounting require assets to be reported conservatively in order to avoid exaggerating them in the financial statements. Net realizable value is one example of this simple accounting style. At the end of each fiscal year, CPAs, accountants and bookkeepers prepare reports to reflect how much inventory and receivables the company can convert into cash
Year of publication: |
2023
|
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Authors: | Marimpan, Reniati ; Ria, Milka Yanti ; Triani, Novina Vita |
Publisher: |
[S.l.] : SSRN |
Saved in:
freely available
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