lower of cost and net realizable value rule

lower of cost and net realizable value rule
The method of valuing current assets and work in progress required by Statement of Standard Accounting Practice 9 and the Companies Act (1985), in which they should be valued at the lower of either cost or net realizable value for published accounts purposes.

Accounting dictionary. 2014.

Игры ⚽ Поможем сделать НИР

Look at other dictionaries:

  • Eco-socialism — Green red redirects here. For other uses, see Red green (disambiguation). Socialism …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”