Recognition of work in progress

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Querist : Anonymous

Querist : Anonymous (Querist)

26 July 2010 My company is a contractor, so I would like to know the recognition proced. of work in progress in balancesheet.

Shudhanshu Agrawal (Expert)
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26 July 2010 As details are not available i will suggest you to go through AS - 7 which is related to accounting for contractors

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