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Querist : Anonymous

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Querist : Anonymous (Querist)
15 June 2010 what is the treatment of closing stock in work in progress.under which heads it has to be taken.pls ANY can solve this query

15 June 2010 It will be under stock in trade under current assets under head work in progress

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Querist : Anonymous

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Querist : Anonymous (Querist)
15 June 2010 DEAR ADITYA COULD U PLS SAY TREATMENT OF CLOSING STOCK IN WORK IN PROGRESS

15 June 2010 What do you mean by treatment?

CURRENT ASSETS, LOANS AND ADVANCES:

A. CURRENT ASSETS
(1) Interest accrued on Investments
(2) Stores and spare parts.
(3) Loose Tools.
(4) Stock-in-trade.
(5) Works-in-Progress.

15 June 2010 All the expenses in relation to the work in progress should be transferrred to the WIP account.


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