what is joint product
rajeev kumar, bcom ca-final (study) (196 Points)
31 August 2009what is joint product
Arjun Roy
(Chartered Accountant)
(158 Points)
Replied 31 August 2009
u manufacture two main products in the same process then they are joint products..
if the second item is incidental then its by product..
Narayan
(Audit Consultant)
(41 Points)
Replied 03 September 2009
If same Process is used for producing 2 or more products . These products are called Joint products
Deeps
(Article Assisstant)
(2485 Points)
Replied 20 October 2009
Joint Product- Two or more products separated in the course of same processing operation. All the products hae equal importance.
By- Product- Products recovered from material discarded in the main process. These have small economic value.
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