Question

after the accounts are adjusted and closed at the end of the fiscal year, accounts receivable has a balance of $782,310 and allowance for doubtful accounts has a balance of $19,009. what is the net realizable value of the accounts receivable?

Answer 1

NRV for bills receivable is a reference to the net quantity of bills receivable that will be collected.

This is the gross quantity of accounts receivable less any allowance for doubtful bills reducing the whole quantity of A/R by using the amount the corporation does now not assume to receive.

What does accounts receivable internet realizable cost mean?

Individual balances are generated by means of income made on credit. According to U.S. GAAP, the parent that is presented on a balance sheet for money owed receivable is its net realizable value—the quantity of cash the enterprise estimates will be accrued over time from these accounts.

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