joint product and by product

31 August 2009

what is joint product

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3 Replies

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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