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Can you help me to pass the journal entry for work in
progress for a construction company? I would like to know
the debit and credit for W.I.P will be under in which
accounts head. Eg: debit will be in current asset a/c head,
and credit will be under in which a/c in P&L? whether under
purchase a/c head, or under direct income a/c head? please
give me the details. Thanks for your previous answer?
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