How Does WIP Work In Accounting In accounting, WIP stands for "Work in Progress." It is an important concept used to account for the value of partially completed goods or services in a business's inventory or on its financial statements. WIP is primarily used in industries where goods or services go through multiple stages of production or completion before they are ready to be sold to customers.
Here's how WIP works in...
0 Shares
1614 Views
0 Reviews