alleryStart learning →A stock item costs Rs 800 and can be sold for Rs 900 less Rs 150 selling expenses. At what value is it carried?
ARs 650
BRs 800
CRs 900
DRs 750
Answer & Solution
Correct answer: D. Rs 750
NRV is 900 - 150 = Rs 750, which is lower than the cost of Rs 800, so the item is written down to Rs 750.
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