work in progress

This query is : Resolved 

25 June 2009 sir , please tell me
what is the work in progress

tell me it in deeply

25 June 2009 Any work, which is incomelete at the time of closing of the accounting period and the working is still going on on that work, is known as work in progress.

25 June 2009 not fully done work is called work in progress

for eg

the inventory on 31 march (end of F.Y.)on which some work is done ,but it is not converted into finished good completely is known as work in progress


25 June 2009 Follow the link for detail

http://www.answers.com/topic/work-in-process



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