alleryStart learning →Stock NRV is EUR 1,000, fixed when the rate was Rs 92; closing rate Rs 95. NRV in books?
ARs 95,000
BRs 92,000
CRs 93,500
DRs 1,000
Answer & Solution
Correct answer: B. Rs 92,000
Items valued at net realisable value use the rate when that value was determined, so 1,000 x 92 = Rs 92,000.
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