Two or more products emerged from a common process, each having a sufficiently high saleable value, are known as —

CS Executive · Cost and Management Accounting · PYQS · December 2014
Two or more products emerged from a common process, each having a sufficiently high saleable value, are known as —
(A) Joint products
(B) By-products
(C) Additional products
(D) Scrap.

Answer & Explanation:

Correct Answer: Option (A)

Correct answer: (A) Joint products.

Topics: Process Costing

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