Menu
WIP-Capitalization
Can we partly capitalize WIP in a particular Financial year?
Replies (3)
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.
Work in progress valuation is different for different industry.
In general..
Recent Topics :
- Due date for itr 5 no audit with loss for fy 25 26
- Capital Gains Mismatch AIS
- Inward E-way bill from Tally Prime 7.1
- Query regarding exemption under Section 10(10AA) &
- NPO registered under sec 8 itr filing
- Form 144 (Earlier 27Q) – Reason Code (A/C/G/
- Nps taxation
- Representative assessee
- Investment Income as Business Income for Sec. 44AD
- In ITR 4 u/s 44ADA what amount we shoud show under
Related Topics :
CAclubindia
