Can you think of any circumstances where the net realisable value will be lower than the cost

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Can you think of any circumstances where the net realisable value will be lower than the cost of inventories held, even during a period of generally rising prices? Try to think of at least two.

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Accounting And Finance For Non Specialists

ISBN: 9781292334691

12th Edition

Authors: Peter Atrill, Eddie McLaney

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Question Posted: Dec 24, 2023 05:40 AM

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Can you think of any circumstances where the net realisable value will be lower than the cost

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The net realisable value may be lower where Goods have deteri...View the full answer

Accounting And Finance For Non Specialists

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