• Register
Search Questions / Answers

Welcome to AccountantAnswer Forum, where you can ask questions and receive answers. Although you need not be a member to ask questions or provide answers, we invite you to register an account and be a member of our community for mutual help. You can register with your email or with facebook login in few seconds

Get AccountantAnswer App

Work in progress in construction contracts


Should WIP in construction contracts be accounted for as per IAS 2 Inventories?

asked Feb 3, 2013 in IAS 2 - Inventories by AnaY Level 2 Member (3,240 points)
retagged Feb 16, 2013 by Visio

1 Answer

0 votes
No. IAS 2 Inventories is not applied for WIP in construction contracts it is accounted for as per IAS 11
answered Feb 3, 2013 by anonymous


...