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VISWANADH.R

VISWANADH.R (Querist)
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24 April 2009 A fertilizer manufacturing company.
Addition to factory building up to 31.03.2007 is Rs.435000.00. however the addition is not yet completed as on this date. is it capital WIP to be shown on asset side or does it have any other treatment.. Plz explain...

CA CS CIMA Prakash Somani

CA CS CIMA Prakash Somani (Expert)
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24 April 2009 It would be Capital WIP only and wil be shown in accounts accordingly.

CA Devin (Expert)
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24 April 2009 Capital WIP to be shown under the head "Fixed Assets".

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