BYPRODUCT English meaning
Any revenue resulting from the sale of the by-product is credited either to income or to the cost of the main product. When there are multiple products created from a production process, the byproducts can be discerned by seeing which ones have a minor resale value in comparison to the value of the other products. […]
What is a Byproduct? Definition Meaning Example
Certain firms carry an account called the by-product account, to which all additional expenses are debited and all income statements are credited. As a result, total sales revenue would be $21,500 and gross profit and operating income would increase accordingly. A byproduct may be an unintended, but not necessarily unwelcome, result of an initial process. [&
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