https://www.taxtmi.com/acts?id=20031 Sets out the cost accounting standard on joint costs for determining, assigning, presenting and disclosing joint costs in cost statements. The standard promotes uniformity and consistency in the measurement and allocation of joint costs and applies to cost statements requiring classification, measurement, assignment, presentation and disclosure. It defines joint costs, joint products, by-products, split-off point, scrap, waste and related terms, and prescribes methods for measurement, allocation, presentation and disclosure, including treatment of post split-off costs, scrap, waste, subsidies, incentives, penalties and by-product valuation. en-us Fri, 11 Sep 2015 17:53:18 +0530 Tue, 21 Apr 2026 13:24:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=20031 Sets out the cost accounting standard on joint costs for determining, assigning, presenting and disclosing joint costs in cost statements. The standard promotes uniformity and consistency in the measurement and allocation of joint costs and applies to cost statements requiring classification, measurement, assignment, presentation and disclosure. It defines joint costs, joint products, by-products, split-off point, scrap, waste and related terms, and prescribes methods for measurement, allocation, presentation and disclosure, including treatment of post split-off costs, scrap, waste, subsidies, incentives, penalties and by-product valuation. Act-Rules Companies Law Fri, 11 Sep 2015 17:53:18 +0530 https://www.taxtmi.com/acts?id=20031