Financial doubt regarding
MPR Sanjay Kumar (3118 Points)
12 February 2022
what is mean by working process and work in progress give some practical examples nowadays???
2 Replies
CA. Abhilash Krishnan P
(Chartered Accountant)
(533 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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