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How to calculate the projects under construction?
1. Fixed assets carried forward shall be treated according to the project settlement price. White slips and unpaid bills are linked to "accounts payable".

2. Accounting treatment

(1) When carrying forward fixed assets

Borrow: fixed assets

Loan: Construction in progress.

Loans: Accounts payable (IOUs and unpaid)

(2) After obtaining the invoice

Debit: accounts payable

Loans: bank deposits, etc.

Summarize the expenditure amount of receipts and issue invoices to tax agents according to the total amount of receipts.

You don't have to issue the invoice. You can bring it later.

1, write the white note first.

Debit: advance payment

Loans: bank deposits

2. When carrying forward fixed assets

Borrow: fixed assets

Loan: Construction in progress.

Loans: Accounts payable (IOUs and unpaid)

3. After receiving the invoice

Debit: accounts payable

Write down "projects under construction" first.

(1) IOUs are included in "advance payment".

(2) Unpaid, included in the "accounts payable".

(3) The value of fixed assets is carried forward according to the final price of the project budget.

(4) Construction in progress can be transferred now.

(5) Carry-forward entries

Debit: Fixed assets (final settlement price)

Loan: Construction in progress (actual book amount) Loan: Accounts payable (blank unpaid amount)