alleryStart learning →An item sells for Rs 500, needs Rs 60 to complete and Rs 40 to sell. Its NRV is?
ARs 440
BRs 460
CRs 400
DRs 560
Answer & Solution
Correct answer: C. Rs 400
NRV = 500 - 60 - 40 = Rs 400, since both completion and selling costs are deducted from the selling price.
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