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I would like to know about work in progress, when we will
debit WIP under Asset a/c head in balance sheet, the credit
will be allocated under in which accounting head? whether
its under purchase a/c or income a/c ? expecting detail
explanation?

Answer Posted / shailesh

WIP is closing stock that why it is reflecting assets next
effect will on trading account credit sidt

Is This Answer Correct ?    3 Yes 0 No



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