Answer / h.r. sreepada bhagi

Work commenced on a fixed asset but not completed and ready
for use is called 'Capital Work in Progress'.
For example building under construction, Plant or Machinery
under installation.

Once the construction or installation is complete & the
assets are available for use for the intended purpose, Value
needs to be transferred from Capital Work in Progress to the
relevant Fixed Asset A/c (Building or Plant & Machinery as
the case may be in this example)
Capital Work in Progress appears on the Assets side of the
Balance Sheet and depreciation can not be charged on this.

in tally software, how is the entry for stock brought by owner in to the business as capital?

1 Answers  

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i have puchase a vehicle on 1st of jan 2006 for Rs 40000 and charegd depriciation @25% P.A and sold vehicle on 31st of dec,2009 RS 10000 what are the general entries related to this question.

3 Answers  

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If balancing account is not assigned to company & is assigned to department wat will be the effects

0 Answers   Meru Cabs,

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What is the TDS deduction & Service chargges for FY 2011- 2012

2 Answers  

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Futures

2 Answers   Bank Of America,

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what is the entry of arrears salary. but salary sheet is already finished.

1 Answers   Active Freight Services,

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Dividends are usually paid as a percentage of ______ (a) Authorized share capital (b) Net profit (c) Paid-up capital (d) Called-up capital

3 Answers   Firm, Wipro,

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What is the provision? What is the entry for provision?

0 Answers  

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If i pay for general expense (and party provide me gst details) through credit card then how i can enter party details

0 Answers  

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Cash in hand-5000,Cash at bank-4000, Bill receivable- 3000,Bills payable-5000,Bank loan-6000.Calculate total liability of the firm?

11 Answers   ACS,

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What elements of your job do you find most difficult?

0 Answers  

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what is Debit?

3 Answers  

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