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[Cites 0, Cited by 0] [Section 16] [Entire Act]

Union of India - Subsection

Section 16(h) in The Companies (Cost records and audit) Rules, 2014

(h)Assignment of finance costs to the cost objects shall be based on either of the following two principles namely:-
(i)Cause and Effect - Cause is the process or operation or activity and effect is the incurrence of cost and
(ii)Benefits received - to be apportioned to the various cost objects in proportion to the benefits received by them.