Question

Capital work-in-progress is shown under the head .

• A. Current Asset
• B. Non-Current Asset
• C. Short-term Asset
• D. Long-term Asset

Answer 1

The correct option is B Non-Current Asset

If an asset is not completed at that time when balance sheet is prepared, all costs incurred on that asset up to the balance sheet date are transferred to an account called Capital Work in Progress Account. It is shown under the Non-Current Asset.