1. Why is uncertified work shown in balance sheet?
2. Why is WIP reserve deducted from WIP in balance sheet?
Is there any material I can read to gain clarity on this chapter? I have looked at many youtube videos and the textbook but they do not explain the concept in enough detail. I know that I can by-heart but I want to know the meaning and reason behind the steps I am performing.
Off-topic:
Also, why are there 2 discussion forums for IPCC here? What is the difference?
1. Uncertified work is uncertified Because the work is not certified But the work isdone so it should be shown in the balance Sheet.
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