How will we value closing stock of by product? when we are valuing closing stock of finished goods @ cost
Menu
Closing stock of by-product
Replies (4)
The valuation of closing stock of by products shall be calculated after deducting the joint cost expenses.
And it should be valued at cost or nrv whichever is lower.
And it should be valued at cost or nrv whichever is lower.
What if I am unable to bifurcate my costs between finished product and by product?how should i deduct costs from by product?
Cost should be allocated as per production units
Https://www.accountingtools.com/articles/2017/5/14/by-product-costing-and-joint-product-costing
Recent Topics :
- TDS filing for the 1st quarter of TY 2026-27
- Login into Old Traces Portal
- Professional Income reporting in ITR-3
- Pf exemption in hand of spouse on demised of husba
- Missed deadline to revise ITR for a foreign asset
- Durga Puja 2026 Dates: Mahalaya, Shashthi to Vijay
- Indo-MIM IPO Allotment Date, Status Check and List
- GSTR 1 filed but GSTR 3 B no filed
- ITR FORM FILING REGARDS
- TDS JUSTIFICATION REPORT
Related Topics :
CAclubindia
