Question

Difference between capital work in progress and work in progress

Answer 1

Capital Work in Progress is an account which contains all the expenses incurred for the generation of an asset before the balance sheet date. When any expense is incurred relating to that asset, it is debited to the Capital Work in Progress account. ... Thus it is a measure of a company's net assets.

Answer 2

Capital Work in Progress is an account which contains all the expenses incurred for the generation of an asset before the balance sheet date. When any expense is incurred relating to that asset, it is debited to the Capital Work in Progress account. ... Thus it is a measure of a company's net assets.