WIP-Capitalization
tanaya KARAVADE (13 Points)
16 November 2021
Can we partly capitalize WIP in a particular Financial year?
tanaya KARAVADE (13 Points)
16 November 2021
Rama chary Rachakonda
(Master in Accounts & Lawyer email ID:ramachary64@gmail.com voice no:9989324294)
(3303 Points)
Replied 16 November 2021
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.
sabyasachi mukherjee
(26047 Points)
Replied 16 November 2021
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