Answer Posted / rakesh
work in progress means from the stage of the work means
like from the stage of production of raw materials to
finished goods is called as the work in progress.
| Is This Answer Correct ? | 27 Yes | 2 No |
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Why in a cash book receipts are debited while the same if received in our books recepits are credited. Why does cash book have a rule to debit receipts and credit payments. For example if am paying the cash that i owe the company or firm i debit in my books(cash) on the debit side and should credit in the cash book but i cant do that cash book take receipts on the debit side as per the general . please clarify many thanx in advance
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