Provision is applicable for CWIP or not?
1 Replies
Venkat Rao Marella
(Manager Business Finance)
(1451 Points)
Replied 12 April 2011
Need not. CWIP will subsequently move into Fixed assets. U need to give disclosure in the notes to accounts about the capital commitments.
Provision should be for those items which will come and hit the PNL.
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