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Mayanka Agrawal (Querist)
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28 September 2013 we are in construction business as a company and use to transfer all exp. on non current investment under capital wip
as projet is long term
problem:
upto time we have not sown in inventories

what we can do?

Sachin

Sachin (Expert)
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28 September 2013 As you are in construction business, finished construction, which is ready to sale is inventory. The construction which is not finished and is in process is to be categorized as WIP under inventory. The material which is in stock at site can be shown as Raw material in stock separately.

Mayanka Agrawal

Mayanka Agrawal (Querist)
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01 October 2013 thanks for your reply,

but actualy we are not showing it as inventory previously and showing it as non current ivestments as work in progress