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ahmeshere

ahmeshere (Querist)
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26 August 2009 Sir,
Could anyone tell me the meaning of this entry:

work in progress (P&L)
To work in progress (B/s)

Navin

Navin (Expert)
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26 August 2009 is this a builder's account.?
WIP brought forward reflected in the Balance Sheet last year is debited to Profit & Loss as an expense in the said financial year.

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