whether expenses booked under WIP can be claimed in P & L account also?
What is the procedure/accounting treatement for transfering WIP to P&L account from Balance Sheet
1 Replies
Kapadia Pravin
(17264 Points)
Replied 22 February 2021
WIP is already there in P&L by way of opening stock and closing stock. From closing stock, it will go to finished goods by passing Journal entry
Recent Topics
- Unable to convert User role from Registered user t
- INCOME TAX RETURN NOT FILLING BY TEMPLE COMMITTEE
- Procedure for filling appeal for unregistered enti
- Recovery of GST
- GSTR-1A RETURN
- Co.-trading in Equity-ITC
- RCM CREDIT IN CASE OF CATERING SERVICE
- E Invoice Effective Date
- ITC on iron purchased for construction
- GST on Rent- December
Related Threads
CAclubindia
