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what is capital work in progress?
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Answer / saki
Work that has not been completed but has already incurred a
capital investment
| Is This Answer Correct ? | 139 Yes | 20 No |
Answer / raju
Asset which is not in useful condition but in construction
or modification stage
| Is This Answer Correct ? | 54 Yes | 19 No |
The examples of capital work in progress are:
(1) Machinary under installation,
(2) Building under construction.
I hope these examples can better answer your quaries.
| Is This Answer Correct ? | 37 Yes | 6 No |
Answer / jean grey
the tangible assets which are under course of construction
and the nature of inestment being long term (capital) in
nature is called as capital work in progress. generally the
term is used in relation to power generating corporations
such as NTPC , HREC etc
| Is This Answer Correct ? | 46 Yes | 16 No |
Answer / shiv
AMOUNT WHICH IS INCURRED ON THE ADDITION TO THE FIXED ASSETS
OR ANY LONG TERM PROJECTS WHICH IS YET TO BE COMPLETED OR
OBLIGED.
| Is This Answer Correct ? | 27 Yes | 12 No |
Answer / arun dalmia
Capital work in progress means the stage of Assets which is
at present not ready for use for which it is intended
because of some further processing required.
| Is This Answer Correct ? | 20 Yes | 7 No |
Answer / lawrence
Is an asset on the balance sheet that is not considered to
be a final product, but must still be accounted for because
funds have been invested toward its production.
| Is This Answer Correct ? | 18 Yes | 6 No |
Answer / yousef
For Example, capital work in progress related to the
renovation of an office being performed internally.
| Is This Answer Correct ? | 12 Yes | 4 No |
Answer / priyanka
Using what Answers #10 and #11 say, The Capital-Work-In-
Progress would show under FIXED ASSETS, and not under
CURRENT ASSETS,LOANS AND ADVANCES... please correct me if I
am wrong.
| Is This Answer Correct ? | 12 Yes | 5 No |
Answer / ashok
we wants to make provision for cwip due to doubtful to
release a machinelying in ware house from last two years.
kindly advice the accounting entry.
| Is This Answer Correct ? | 4 Yes | 1 No |
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