CAPITAL WORK-IN-PROGRESS definition with examples and formula

Definition of CAPITAL WORK-IN-PROGRESS with formula and example to solve the problems with the suitable solution using concept in accounting keeping in mind the limitations and errors. How to calculate CAPITAL WORK-IN-PROGRESS with disadvantages and advantages using the rules in Cost and Management Accounting.


VERIFICATION OF CAPITAL WORK-IN-PROGRESS 1.     WORK INCOMPLETE. The auditor can verify capital Work in progress. The fixed assets may be manufactured. The amount spent on the capital items must be stated in the balance sheet as an asset. 2.       PARTS … Continue reading

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