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[Debit] Work in process

[Credit] Material

[Credit] Labor

[Credit] Overhead

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Q: How do you do the double entry for work in progress?
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State the double entry principle?

state the principles of double entry


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The journal entry for Work in Progress (WIP) involves debiting the Work in Progress account to reflect the cost of unfinished goods or services in production, and crediting the corresponding raw materials or labor accounts that contributed to the WIP. This adjustment helps to accurately track the value of inventory and production costs at any point in time.


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The book is currently a work in progress.


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