Accounting Dictionary
NRV
Net Realizable Value
This is the amount of money the company can actually expect to receive. If my accounts receivable is $40,000 and my allowance for doubtful accounts is $1,000 then realistically I can expect to receive $40,000 -$1,000 or $39,000. $39,000 is my net realizable value.
Sign Up to Learn More!
Join our mailing list today to get notified of new discount offers, course updates, Roger CPA Review news, and more!