By-Products: Meaning and Accounting | Cost Accounting

In this article we will discuss about the meaning and accounting of by-products. Meaning of By-Products: CIMA define By-product as "output of some value produced incidentally in manufacturing something else (main product)". By-products may be defined as "any saleable or usable value incidentally produced in addition to the product." A by-product is a secondary product which incidentally results from the [...]