How can I pass the journal entry for work in progress for a
construction company for every end of the period and what
should be for next period? I would like to know the debit
and credit should allocated where in an accounting system?
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Answer Posted / furqan
we have to look as per instruction given in ias 11
construction cotract where detaied anlysis is given
although
expense DR
wip cr
| Is This Answer Correct ? | 3 Yes | 2 No |
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