Difference between revisions of "Intermediate product"
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==Definitions== | ==Definitions== | ||
Latest revision as of 21:56, 9 December 2020
An intermediate product is a work product transferred from one subunit to another subunit of an organization. This product may either be further worked on by the receiving subunit or sold to an external customer.
Definitions
According to Cost Accounting by Horngren, Datar, Rajan (14th edition),
- Intermediate product. Product transferred from one subunit to another subunit of an organization. This product may either be further worked on by the receiving subunit or sold to an external customer.
