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 / syed shakir ali
iT Will Credited in account fixed assets under sub group of
Land & Buildings likely will Become a Fixed asset to the
company .
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