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Financial doubt regarding

MPR Sanjay Kumar (3100 Points)

12 February 2022

what is mean by working process and work in progress give some practical examples nowadays???

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CA. Abhilash Krishnan P (Chartered Accountant) (529 Points)
Replied 13 February 2022

If your product which you sell is not fully completed for sale it is called as work in progress inventory, if an asset like building is under construction is not fully completed for its use then that's also called capital work in progress

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MPR Sanjay Kumar (3100 Points)
Replied 13 February 2022

What is mean by work in process??

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