07-17-2006, 08:43 PM
my question 2 is still pending, please help
Q- What would be the treatment for Closing Raw Material Stock in Contract WIP A/C and should it be presented in balance sheet , please explain in detail.
As per Zubairi, Closing Raw Material will be C/F in Contract WIP A/C . While our teacher suggested that Closing Raw Material will not C/F!
Please, guide me what would be the right treatment.
Q- What would be the treatment for Closing Raw Material Stock in Contract WIP A/C and should it be presented in balance sheet , please explain in detail.
As per Zubairi, Closing Raw Material will be C/F in Contract WIP A/C . While our teacher suggested that Closing Raw Material will not C/F!
Please, guide me what would be the right treatment.