joint product definition
The products with significant value that emerge at a split-off point in a process. When a joint product has little value it is referred to as a by-product.
The products with significant value that emerge at a split-off point in a process. When a joint product has little value it is referred to as a by-product.
Harold Averkamp (CPA, MBA) has worked as a university accounting instructor, accountant, and consultant for more than 25 years. He is the sole author of all the materials on AccountingCoach.com. Read more about the author.