Regarding WIP its very very urgent
This query is : Resolved
TINKU KUMAR GUPTA
(Querist)
16 August 2010
Dear All,
Pls tell me Where Work in Progress (WIP)is come in the Balance sheet.Under current assets or under fixed assets i thing it will come under current assets but in ICAI CD materials WIP shown in the Fixed Assets.
Pls tell me where it will come in the Balance Sheet.
Pls tell me Where Work in Progress (WIP)is come in the Balance sheet.Under current assets or under fixed assets i thing it will come under current assets but in ICAI CD materials WIP shown in the Fixed Assets.
Pls tell me where it will come in the Balance Sheet.
Aditya Maheshwari
(Expert)
16 August 2010
It would depend upon the nature of capital WIP. If it is in relation to your asset then it will form part of fixed assets if it is part of your trading activities then under stock in hand under current assets.
Ratan Sharma
(Expert)
16 August 2010
agree with expert.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Issuing of delivery challan by seller of goods
- EPF ECR NEW RULES Sep 17th 2026
- Transfer of Physical Stock Between Two Proprietorship Concerns
- MSME disclosure and disallowance
- Taxation of crypto futures in India Fy 2026- 2027
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
