Net realizable ballue can be defined as the?

In Accounting, Net Realizable Value (NRV) is the method of evaluating the value or worth of an asset  held as inventory. This method is used avoid overstating or understating the value of an goods in inventory.

NRV is the result of deducting the costs incurred in selling the goods from its selling price. These selling costs are the cost incurred in production, completion, and disposal of the product.

This method is very important in accounting practices because it will reflect on the income statement which are public company papers subject to the governments' scrutiny.

1. the taxes paid are used to the government in developing its country 2. its also used to build community centers where people would go to spend some valuable time with each other3. the taxes are may also be used to pay some public health sectorhope i'll be