Can you define " Capital Work in Progress Account?

MBA Finance Accounting Financial Reporting Financial Accounting Depreciation

Question added by Sabir Hussain , Accounting Manager , Etihad Aviation Tours & Travels
Date Posted: 2015/10/11

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by Mohiuddin Siraj , Accountant , Modern Times Technical Systems

If an asset is not completed/ Bought before preparation of Balance Sheet, the cost incurred will allocated in separate account called "Capital work in progress account".

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