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Capital WIP

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(Querist)
31 March 2010 What is capital WIP??
Where it is shown in balance sheet??
Tell me many more about Capital WIP.
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Padmaja CA

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Padmaja CA (Expert)
31 March 2010 capital WIP is an asset it means when you started one asset construction ex:house then till the total completion of building it is treated as Capital WIP(Work in Progress) and after completion its a fixed asset
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
31 March 2010 agree it is under fixed asset. you can show separtely as CWIP under Fixed asset in the Balance sheet
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