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capital work in progress

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Querist : Anonymous

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Querist : Anonymous (Querist)
30 December 2010 sir,
i want to know what is capital work in progress. also how to audit the same.
when to capitalize and how to treat the same...

31 December 2010 CWIP means assets under construction.

Verfiy all the expenditure, IEDC , EDC , ERV etc. during audit.



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