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Joint product

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA PM Exams › Joint product

  • This topic has 1 reply, 2 voices, and was last updated 11 months ago by John Moffat.
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  • March 9, 2022 at 1:20 pm #650447
    Anonymous11
    Member
    • Topics: 18
    • Replies: 15
    • ☆

    Which of the following statements about joint products is true?
    (1) Joint products are accounted for in the same way as by-products, from a process
    (2)
    Joint products are indistinguishable from each other until the separation point

    March 9, 2022 at 3:37 pm #650492
    John Moffat
    Keymaster
    • Topics: 56
    • Replies: 51579
    • ☆☆☆☆☆

    Why are you attempting a question for which you do not have an answer?

    Statement 1 is false, Statement 2 is true.

    Joint products are very unlikely to be asked in Paper PM because they are examined in full in Paper MA (and there are free lectures on joint products in the Paper MA section of this website).

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