Journal entry of CWIP and transferred to Fixed assets
This query is : Resolved
27 October 2023
can i pass
when take services and purchased Goods
CWIP A/c Dr ( Under Group) Fixed assets
To Vendor ( Under Non Current assets)
when it transferred to fixed assets
Fixed assets ( Building / Plant and Machinery)
To CWIP A/c
Is correct process to transfer it.
when take services and purchased Goods
CWIP A/c Dr ( Under Group) Fixed assets
To Vendor ( Under Non Current assets)
when it transferred to fixed assets
Fixed assets ( Building / Plant and Machinery)
To CWIP A/c
Is correct process to transfer it.
28 October 2023
Yes it's the right process.
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