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
(17259 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
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