Interested to Buy Any Domain ? << Click Here >> for more details...
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
- 1 Answers
- 14964 Views
- I also Faced
- E-Mail Answers
Answer Posted / 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 |
Post New Answer View All Answers
Where should tds received should show in balance sheet?
Tell me what is gaap?
What are the items that are to be debited in accounting and what are the items that are to be credited in accounting?
how will rectify the error in trial balance.
Mohan sold goods on 1st sep 2009 for the rs 200000/- to sohan immediatly accepted a 3 month bill.on the due date sohan request for the renewal of the bill for further peirod of two month .mohan agree to pay interest @9% per annum to be inculuded in the new bill . determine the amount of new bill?
what is the basic difference between pooling of interest method and purchase method in amalgamation
lic (life insurance corporation)how much he or she as to deduct income tax on his gross annual salary. please give with examples
What are the effects when intangibles and tangible assests decrease
What is trial balance? What does an accurate trial balance suggest?
What are control ledgers? What are the purposes of maintaining it?
how to calculate the rate of hard ,soft and very very hard rock rate of cubic meter
what are the different types of expenditures considered for the purpose of accounting?
HOW WE MAKE A RESERVE AND AFTER ITS USE HOW WE NIL IT PLEASE MAKE A PROPER ENTRY.
Give Any three special cases of computation of capital Gain U/s 45(1A) to 45(6)?
your company by machinary for Rs 3000000/-, what will be the maximum term lean avaible form bank?
