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work in progress for a construction company this year is
Rs.5,00,000/-.In balance sheet Rs.5,00,000/- will be
debited under current asset a/c but the credit would under
which account.and next year what will be the entry.please
answer me in detail.
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Answer Posted / vishwas
Work in Progress for that year will be closing stock in
hand under current assetes.
For next year it will be Opening Stock for that year
| Is This Answer Correct ? | 4 Yes | 2 No |
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