Question ID : 616
Audit of Organisor
One of my clet is engaged the busess of purchasg the nd & there after constructg shops & rents for sale. And at the end of 1st year of his work, there is WIP of total amt. expanded & no sales at all, but is it possible to compute Gross Profit on the base of WIP, & complete the full audit on the base of WIP, GP based on WIP, & Net Profit of the same. Please advise. '
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