what is joint product
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.
Recent Topics
- Form 3CEAB
- Form 3CEAA and Form 3CEAB
- DIR 3 Web KYC
- Can i declare LTCG income as business income if I
- Stock entry in new software
- I have an EMI collection shop, what is its SAC cod
- Making payment once in quarter possible under QRMP
- Master File Documentation related
- Applicability of 44AD needs clarification
- ITC reversal in GST 3B
Related Threads
CAclubindia
