Work in Progress - WIP
外汇网2021-06-19 14:23:16
113
Work that has not been completed but has already incurred a capital investment from the company.
Taobiz explains Work in Progress - WIP
This is usually recorded as an asset on the balance sheet. Work in progress indicates any good that is not considered to be a final product, but must still be accounted for because funds have been invested toward its production.
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