Purchase of machinery and equipment and related accessories installed after the sale of accounting entries

1. At the time of purchase, according to the actual price paid,

borrow: construction in progress

credit: bank deposits, etc.

2. Installation costs incurred, etc.

debits: construction in progress

credit: bank deposits, etc.

3. At the time of completion of the installation and delivery of the installation to the use of the cumulative cost of the work in progress,

debits: Fixed assets

credit: construction in progress