Accounts
This query is : Resolved
Anjan S Mehta
(Querist)
18 November 2015
what is C W I P as per accounting language
18 November 2015
It means Capital Work In Progress. For example a Factory Building which is under construction. Once it is completed it will be capitalized and transferred to Fixed Assets under Building.
Anjan S Mehta
(Querist)
20 November 2015
thanks, Sanjay
another doubt, C W I P is comes under Current Asset till building is completed
another doubt, C W I P is comes under Current Asset till building is completed
20 November 2015
No. It will be under Non Current Assets only.
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