Add the excess of opening stock over closing stock of work-in-progress to the production cost, or deduct the excess of closing stock over opening stock in progress to the production cost. The above entry is called a work-in-progress adjustment in a particular financial year.
T R SOOD & CO
New Delhi
CA Inter
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Sri Aurobindo Gnostic Centre of Education
New Delhi
CA
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O P Bagla & Co LLP
New Delhi
CA Inter
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