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Difference between material in transit and capital work in
progress
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Answer Posted / venkatesh
material in transit and capital work in progress are two
different words.
material transit means the Raw material is in the position
of final product but those are also deliverd to the third
party but those are in transit.
work in progress means the material is in the position of
not in final product or finished goods those goods are to
be used in the future course of action.
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