Poonawalla fincorp
Poonawalla fincorp

Accounts

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(Querist)
18 November 2015 what is C W I P as per accounting language
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
18 November 2015 It means Capital Work In Progress. For example a Factory Building which is under construction. Once it is completed it will be capitalized and transferred to Fixed Assets under Building.
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Anjan S Mehta

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Anjan S Mehta (Querist)
20 November 2015 thanks, Sanjay

another doubt, C W I P is comes under Current Asset till building is completed
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
20 November 2015 No. It will be under Non Current Assets only.

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