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Question: Estimated selling price less estimated cost of sales is:
a) Net Realizable Value
b) Cost of purchase
c) Cost of goods sold
d) None
Answer: (a)
Description: Estimated selling price less estimated cost of sales is known as Net Realizable Value. This is the estimated selling price in the ordinary course of business less the estimated costs of completion and the estimated costs are unnecessary to make a sale.
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Question: Estimated selling price less estimated cost of sales is: a) Net Realizable Value b) Cost of purchase c) Cost of goods sold d) None Answer: (a) If you have the better answer, then send it to us. We will display your answer after the approval Rules to Post Answers in CoolInterview.com:-
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