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C WIP

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(Querist)
30 March 2010 May i know more about Closing WIP??? How to calculate, where it is shown in balance sheet????
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
30 March 2010 Closing work in progress is the work in progress at the end of the year, can be calculate

Opening WIP + Work done during the year - Billed value ( all are in cost)

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