Work in progress treatment of tally
This query is : Resolved
19 July 2014
Sir,
some contracts are doing our company and raise the invoices after completion of works. but 31st march some works are in progress. those value against not raised in invoices.how to entry of work in progress closing balance in balance sheet.
plz suggest
some contracts are doing our company and raise the invoices after completion of works. but 31st march some works are in progress. those value against not raised in invoices.how to entry of work in progress closing balance in balance sheet.
plz suggest
20 July 2014
You can enter manually in the closing stock as Work in progress under p&l a/c
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