Hi
I want to know what is Capital Work In Progress , how to
calculate the Capital Work In progress.
Answer Posted / 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.
Is This Answer Correct ? | 8 Yes | 2 No |
Post New Answer View All Answers
what is bank aceleted?
Why an Expenditure is called Differed?
I got below mail stating to pay 8000 rupees to Wipro but when I went to wipro in sajapur, it was fake mail. If u receives this kind of mail, please don’t respond. Please inform to ur friends regarding this.
Wipro Limited
Dear candidate
Your Resume has been selected by ( Wipro Limited). I have attached your
Interview Process letter with this email. Kindly see the attached file.
Note - you can call in official working Hours Monday to Saturday – 9 Am to 2 Pm,
Company Website – www.wipro.com
Note - And more details you send a email Company
Email Add – career@wiprolimited.in
Best Of Luck
For More Details Please Click Here
Wipro Limited What is use of statistics in accounting? how intangible assets are entered in B/s. plz send me the
answer of this question in my e-mailid-prabhatsingh873@gmail.com sir i want know how to fill vat return what is profit maximisation Sales tax waybill is required for how much value of invoice
(for example we raise Rs.1000 bill is waybill required in
andhra pradesh) What are the basic assumptions in accounting? how to see reoprt of miro booking in SAP FI Explain accounting 101? How can you define departmental accounting? What is meaning of invoice? how many times we can deposit the old currency in one a/c in the bank Real,Nominal or Personal. Where do reserves, general reserve and Specific Reserve Go? and why?