How can I pass the journal entry for Work in progress. I
would like to know that where should be the debit and
credit allocated in accounting system. eg. WIP debit will
be under asset a/c in balance sheet what about credit?
pls.help me
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Answer / dinesh
WIP a/c dr
creditor a/c cr
at the time of capitalisation
asset a/c dr
wip a/c cr
| Is This Answer Correct ? | 23 Yes | 14 No |
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