Economy, asked by KAVISHPATEL, 8 months ago

explain the concept of perudence with example

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Answered by srinith15

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Inventory is recorded at the lower of cost or net realizable value (NRV) rather than the expected selling price. This ensures profit on the sale of inventory is only realized when the actual sale takes placPlease

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explain the concept of perudence with example​

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explain the concept of perudence with example