Partially completed products that are not yet suitable for sale. Work in progress is typically recorded on the balance sheet as an asset because expenses have been incurred in its creation, but as yet no sales revenue has been earned.
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Discover the world’s largest Glossary of Procurement terms
With over 800 Procurement specific terms (and growing) you will find everything you need to know or thought you knew about the Procurement function. Our aim is to provide you with a comprehensive list collated from the Comprara Groups hub of training and procurement consulting source materials.The Procurement Glossary has been compiled by industry expert Paul Rogers.
