This video from Commerce Specialist explains the concept of Joint and By Product Costing.
Detailed discussion is done on explaining what are Joint Products, What are By Products, How to calculate share of Joint Costs for Joint Products and the accounting treatment for By Products.

Explanation is also given for Distribution of Joint costs by Physical Units Method, Constant Gross Profit Method, Sales Value Method and NRV Method.

This video is relevant for students of CMA, ACCA, CA, CIMA, B.Com & MBA.
This video will also help those who are working as Management Accountants or Cost Accountants.

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