Work in progress relates to goods that are in the process of manufacture but have not reached the finished goods stage. Accordingly, it is necessary to value these to take into account the costs incurred up to the stage of production they have reached and to adjust for opening and closing work in progress in the accounts so that an accurate picture can be gleaned of the results to date.
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Colleen Crum and George Palmatier
J Ross Publishing, £38.95
4/5
15 October 2003
Institute of Civil Engineers, 1 Great George Street, London
Institute of Civil Engineers, 1 Great George Street, London
27 May 2004
London
28-30 March 2004
The Palace Hotel, San Francisco, CA
2-3 August 2004
Johannesburg, South Africa
Also, the club has outstanding subscriptions – are these to be included in the Income & Expenditure Account? Do you record expenses in the accumulated fund account or the bank/cash account? Thanks for your help.
23-24 March 2004
The Russell Hotel, Russell Square, London
7-8 September 2004
Walkers Stadium, Leicester
…I am studying for the Drafting Financial Statements (CG) module and would be grateful if you could help me with the Donated Assets part of it.