work in progress
noun

the value of goods being manufactured which are not complete at the end of an accounting period

Abbreviation WIP
Example

Our current assets are made up of stock, goodwill and work in progress.

(Note The US term is work in process.)
Browse by Subjects
closing stock
accounting bases
WIP
circulating capital
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San Francisco Stock and Bond Exchange
fully paid up capital
indirect liability
short-term debt
TSX Group