Hello,
Mine is a propreitory micro business in Software Development and current AY I have no income. Someone suggested that I show my expenses (internet,electricty,business related travel expense etc..) as WIP . I thought WIP was sometihng one uses in a manufacturing or in projects.
Why cant these expenses be shown as expenses in P&L ?
what are the advantages/disavantages of showing it as WIP ?
Regards
CAclubindia
