1. Received project payments if the A prepaid materials, you can enter the advance receipts, until the completion of the final accounts and then carried over to the "main business income - project settlement income" in the end of the profit and loss carryover and tax
2. Generally receive project payments carryover The cost is carried forward when the profit and loss, if there is a balance of construction debit at the end of the month, the industry has agreed to call the "uncompleted construction", it does not matter.
3. According to your accounting method, should be completed after the final hedge (our accounting method and you are different).
4. The construction team to pay for the construction team if it is a white slip, the amount is not particularly large, then you can do a "temporary workers payroll" directly into the cost, without invoices can be
5. You can set aside a maintenance fee to solve the problem of the 5
Answer
Addresses the end of the
Additional replies:
First month:
Revenue from main business is recognized when the project is billed,
Borrow: bank deposits 50,000
Loan: revenue from main business - revenue from project settlement 50,000
Costs incurred
Debit: project construction - Labor Costs (Material Costs, Machinery Costs) 60000
Loan: Bank Deposits 60000
Carry Forward Engineering Construction
Borrow: Main Business Costs - Engineering Settlement Costs 50000
Loan: Engineering Construction - Labor Costs 20000
Material Costs 30000
Profit and loss carry forward at the end of the month
Borrow: Profit for the year 50000
Loan: Cost of main business - project settlement cost 50000
Borrow: Revenue from main business - revenue from project settlement 50000
To be: profit for the year 50000
Note: Carry forward engineering construction in accordance with the image progress, slightly profitable or slightly profitable can be. The debit balance of construction 10000 is outstanding construction.
The second month:
Because of the invoice for the construction, do not carry forward the cost and revenue
Just summarize the cost
Borrow: engineering and construction - labor costs (materials, machinery) 60000
Credit: bank deposits 60000
The third month:
Invoice issued for 100,000 to recognize the revenue
Borrow: Bank Deposit 100000
Loan: Revenue from Main Business - Revenue from Project Settlement 100000
At the same time, carry forward the project construction
Borrow: Cost of Main Business - Cost of Project Settlement 70,000
Loan: Project Construction -Labor cost (material cost, machinery cost) 70000
After that, carry forward profit and loss
Borrow: profit for the year 70000
Loan: cost of main business-engineering settlement cost 70000
Borrow: income from main business-engineering Settlement income 100000
To be: the current year's profit 100000
Withholding accounted for in the construction
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