07-17-2006, 12:15 AM
<blockquote id="quote"><font size="1" face="Verdana, Tahoma, Arial" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by nabeelanwer</i>
<br />Friends i got a confusion please help me.
1- What is difference between Contract Account, Contract WIP and Contract P & L A/c ?
2- 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.
Regards
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
The topic is already discussed comprehensively on this forum. Click on the following link
http//www.accountancy.com.pk/forum/topic.asp?topic_id=3844
<br />Friends i got a confusion please help me.
1- What is difference between Contract Account, Contract WIP and Contract P & L A/c ?
2- 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.
Regards
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
The topic is already discussed comprehensively on this forum. Click on the following link
http//www.accountancy.com.pk/forum/topic.asp?topic_id=3844
