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Querist : Anonymous

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Querist : Anonymous (Querist)
15 June 2010 what is the treatment of closing stock in work in progress.under which heads it has to be taken.pls ANY can solve this query
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
15 June 2010 It will be under stock in trade under current assets under head work in progress
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Querist : Anonymous

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Querist : Anonymous (Querist)
15 June 2010 DEAR ADITYA COULD U PLS SAY TREATMENT OF CLOSING STOCK IN WORK IN PROGRESS
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
15 June 2010 What do you mean by treatment?

CURRENT ASSETS, LOANS AND ADVANCES:

A. CURRENT ASSETS
(1) Interest accrued on Investments
(2) Stores and spare parts.
(3) Loose Tools.
(4) Stock-in-trade.
(5) Works-in-Progress.
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
15 June 2010 All the expenses in relation to the work in progress should be transferrred to the WIP account.

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