Net Realisable Value Can Be Defined As,"the Proceeds After Deducting

question 9

True/False

Net realisable value can be defined as,"the proceeds after deducting additional avoidable expenses of disposal".

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Definitions:

Current Assets

Resources anticipated to be liquidated, disposed of, or used up within a year or throughout the usual business cycle.

Long-term Investments

Assets that a company intends to hold for more than one fiscal year, including stocks, bonds, real estate, and other financial instruments.

Intangible Assets

Non-physical assets that have value, such as intellectual property, brand recognition, and patents.

Prepaid Expenses

Payments for goods or services that will be received in the future, which are recorded as assets until they are actually used or consumed.