Most by-products as well as scrap or waste materials, by their nature, are immaterial. Thus, these are measured at:

CA Intermediate · Advanced Accounting · RTP · May 2025
Most by-products as well as scrap or waste materials, by their nature, are immaterial. Thus, these are measured at:
(A) Cost
(B) Cost or Net Realisable Value whichever is lower
(C) Nil
(D) Net realisable value

Suggested Answer and Working Notes:

Correct Answer: Option (D)

Net realisable value

Topics: AS 2

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