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Work in progress

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › Work in progress

  • This topic has 1 reply, 2 voices, and was last updated 5 years ago by Stephen Widberg.
Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • October 23, 2020 at 1:10 pm #592937
    aadil1234
    Member
    • Topics: 75
    • Replies: 104
    • ☆☆

    Sir should we treat work in progress as current asset or non current asset

    and if in work in progress a contract is cancelled than what should we do with that capitalized work in progress, should we written it down to NRV?

    October 24, 2020 at 12:56 pm #593017
    Stephen Widberg
    Keymaster
    • Topics: 16
    • Replies: 3442
    • ☆☆☆☆☆

    CA

    Yes – write down to NRV

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  • The topic ‘Work in progress’ is closed to new replies.

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