in AS7 contracts, if some manufacturing is done which is part of contract, would it be correct to valuate this inventory in addition to WIP which is calculated for project as whole.How should we treat the manufactured item in accounts.
in AS7 contracts, if some manufacturing is done which is part of contract, would it be correct to valuate this inventory in addition to WIP which is calculated for project as whole.How should we treat the manufactured item in accounts.
Dear
Your Problem is not clear. Pls. throgh more light.
CA. Rajesh Verma
S/o Sh. Bakshi Ram Verma
Sri Aurobindo Gnostic Centre of Education
New Delhi
CA
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Karia Overseas
Ahmedabad
CA
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