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.

Cash Processing

0 Answers   Chartered Accountant,

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Needs for capital

2 Answers  

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Sales Invoice 50000/- fully profit , management want profit for this year should be appear in P&L A/c and B/S 25000/- only and remaining 25000/- profit retain for the next year  What will be JV for this year and next year?- Thank you

0 Answers   ABC, Wipro,

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paid rs 60.000 cash on the purchase of equipment costing 80.000 the remaining amount payable with interest rate of 9%. what is the journal enry

8 Answers   Genpact,

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what are different inventory and stock.

1 Answers  

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WHAT IS LIABILITY?

6 Answers   WNS,

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Who owns the general ledger?

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Z=52,act=48 then bat will be equal to

1 Answers   State Bank Of India SBI,

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Goods lost by fire rs.5000 it was partly insured insurance company admit the claim for 3500 what will be the journal entry

3 Answers   SRLF,

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Payment Blocks . What is "A" and "R" Blocks in Account payables.. ??

0 Answers  

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what is special purpose ledger in SAP.. is it required to configure in ECC 6.0 since New GL concept is active?

0 Answers   HCL,

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SHOW CLOSSING STOCK IN TRIAL BALANCE

4 Answers  

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