What is cost of negative and positive products, in flow cost accounting, as there is a question about it as follows:
What is the cost of waste called in flow cost accounting?
The sample answer says: Cost of negative products
Kind Regards
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Environmental Management Accounting (EMA)
3y ago#1Negative products are those that are not earning money for the company (waste is a product that is not earning anything). Positive products are those that are earning for the company (because they are way the company is selling).
However, in addition to obviously watching our lectures, it is worth reading the technical article on the ACCA website - it is written by the examining team and covers everything likely to be asked in the exam.
https://www.accaglobal.com/gb/en/student/exam-support-resources/fundamentals-exams-study-resources/f5/technical-articles/Env-MA.html
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