Journal entry
This query is : Resolved
30 July 2011
Dear All,
what is the entry for work inprograss. i want details explanation for the entry. if it the entry is passed where it should be affected Bal sheet and p&l ac
what is the entry for work inprograss. i want details explanation for the entry. if it the entry is passed where it should be affected Bal sheet and p&l ac
30 July 2011
work in progress entry
Dr:Work in progress( Balance sheet)
Cr: Profit & Loss a/c
which will effect the credit side of the p&l and increase the profit and debit balance in stock (Workin progress) as asset side
Dr:Work in progress( Balance sheet)
Cr: Profit & Loss a/c
which will effect the credit side of the p&l and increase the profit and debit balance in stock (Workin progress) as asset side
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