work in progress for a construction company this year is
Rs.5,00,000/-.In balance sheet Rs.5,00,000/- will be
debited under current asset a/c but the credit would under
which account.and next year what will be the entry.please
answer me in detail.
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Answer Posted / sachin
Rs. 500,000/- included in closing stock and next year work-
in progress take as a opening sttock
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