work in progress

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

Abbreviation WIP

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

(Note The US term is work in process.)
Browse by Subjects
accounting bases
closing stock
circulating capital
See All Related Terms »

per head
Consolidated Tape System (CTS)
trade barrier
silver certificate
accounting entity