05-11-2005, 12:24 PM
The NRV concept is usually used to value the inventory in the balance sheet, I am just wondering whether it can also used in income statement, any chance?
[D][D][D][D][D][D][D]
[D][D][D][D][D][D][D]
Accountancy Forum
The Profession
Accounting and Audit
is the NRV used in income statement
is the NRV used in income statement
|
05-11-2005, 04:25 PM
The second effect of change in value of inventory is obviously to the income statement.
SMR 
|
|
|