Which of the following is not an approach to determine when to report an expense?
A)systematic allocation
B)when incurred
C)matching
D)net realizable value

Question

Quizplus · Accepted Answer

Net realizable value is a measure used in accounting to determine the estimated selling price of goods held in inventory, less the estimated costs of completion and disposal. It is not an approach to determine when to report an expense. The other choices, systematic allocation, when incurred, and matching, are all approaches used to determine when to report an expense.

Which of the Following Is Not an Approach to Determine