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Joint Products: Definition and Accounting | Cost Accounting

In this article we will discuss about the meaning and accounting of joint products. Definition and Meaning of Joint Products: CIMA defines Joint Product as "two or more products separated in processing each having a sufficiently high sale value to merit recognition as a main product". Joint products represent two or more products separated in the course of same processing [...]

By |2016-12-12T08:06:16+00:00December 12, 2016|Products|Comments Off on Joint Products: Definition and Accounting | Cost Accounting
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Inter-Firm Comparisons: Meaning and Prerequisites | Accounting

In this article we will discuss about:- 1. Meaning of Inter-Firm Comparisons 2. Prerequisites for Inter-Firm Comparisons 3. Problems. Meaning of Inter-Firm Comparisons: Inter-firm comparisons is a technique of evaluation of performance, efficiency, costs, profits etc. of firms producing same type of products. It consists of voluntary exchange of information/data concerning costs, prices, profits, productivity, efficiency among the concerns engaged [...]

By |2016-12-12T08:06:16+00:00December 12, 2016|Products|Comments Off on Inter-Firm Comparisons: Meaning and Prerequisites | Accounting
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