Construction in progress is a cost account

Construction in progress does not belong to the cost account, and construction in progress belongs to the asset account.

1. This subject accounts for the value of the construction projects such as infrastructure construction and technological transformation of enterprises.

The follow-up expenses related to fixed assets of the enterprise, including the daily repair costs, major repair costs, renovation expenses, and house decoration costs incurred by the fixed assets, shall also be accounted for in this account if they meet the conditions for the recognition of fixed assets stipulated in the fixed assets standards; If the conditions for recognition of fixed assets are not met, they should be accounted for in the "management expenses" account, not in this account.

2. This subject shall be accounted for in detail according to "construction engineering", "installation engineering", "equipment in installation", "expenditure to be amortized" and individual projects.

If the construction in progress is impaired, a detailed account of "impairment provision" should be set up in this account for accounting.

3. The debit balance at the end of the period reflects the value of the unfinished construction in progress of the enterprise.

No, it belongs to: asset class account.

1. The subject of construction in progress accounts for the value of the construction projects such as infrastructure construction and technological transformation of the enterprise.

The follow-up expenses related to fixed assets of the enterprise, including the daily repair costs, major repair costs, renovation expenses, and house decoration costs incurred by the fixed assets, shall also be accounted for in this account if they meet the conditions for the recognition of fixed assets stipulated in the fixed assets standards; If the conditions for recognition of fixed assets are not met, they should be accounted for in the "management expenses" account, not in this account.

2. The subjects of construction in progress shall be accounted for in detail according to "construction projects", "installation projects", "equipment in progress", "expenses to be amortized" and individual projects.

The asset class is the same as the fixed asset. The production equipment that is being installed is a work in progress.

Only B production cost belongs to the cost category, and this topic is a single choice, so I judge him to be a question. The answer is: a, d. "Raw Materials" and "Material Purchases" belong to the asset class accounts. .a ..

It belongs to the fixed asset category.

Construction in progress is not a cost account, but should be an inventory account.

Cost accounts are generally in the income statement.

Construction in progress is an asset account. Cost accounts include: production costs, manufacturing expenses, and labor costs.

Construction in progress is an asset account. Construction in progress refers to the expenditure on new construction, reconstruction and expansion of fixed assets of an enterprise, or unfinished projects such as technical transformation, equipment renewal and major repair projects. There are usually two ways to "self-operate" and "outsource" for projects under construction.

Self-operated projects under construction refer to projects in which enterprises purchase project materials, construct and manage them on their own; The project under construction is contracted by the enterprise through the signing of a contract and the construction of the project by other engineering teams or units. The value of the construction in progress shall be calculated in accordance with the "construction project", "installation project", "equipment in progress", "expenditure to be amortized" and individual projects.

Projects under construction.

It refers to the construction that has started but has not yet been completed, or has been completed but has not yet been handed over for use during the reporting period. For example, the construction started in the previous year of the reporting period will continue to be carried out in the current year, and the projects that have not been delivered for use will be newly started in the reporting period when they expire, and the projects that have not been completed and delivered for use within the year.

The construction in progress is a transitional subject, which does not belong to the cost category, but only plays a role in connecting the previous and the next, and when the project is completed, it will be transferred out of the construction in progress. It's done.

Borrow: Fixed assets.

Credit: Construction in progress.

It is a cost account. It is used to collect the actual costs incurred in various construction contracts, generally including labor costs, material costs, machinery use costs, other direct costs, indirect costs, etc. incurred by the construction enterprise in the construction process. Reflected on the balance sheet.

The construction of the project consists of four details: labor costs, material costs, machinery costs, and other direct costs. Among them, the labor surplus cost accounts for the wages, allowances, food, and subsidies of front-line workers, but does not include insurance, and the insurance of front-line workers is accounted for in indirect expenses.

The material cost accounting constitutes the material consumption of the engineering entity, including the rental fee of quick-release components, the rental fee of scaffolding pipes and other leased materials, as well as the accounting of subcontracted parts, such as slope protection, precipitation, waterproofing, etc.

The main accounting of other direct costs cannot distinguish the expenditure of the above three types of expenses, but the expenses that constitute the entity of the project, such as: the secondary transportation fee of the earthwork, the water cost of the project, the electricity fee, etc.

The construction of the project is carried forward according to the progress of the image, and the debit balance of the construction of the project is the unfinished construction, which indicates the cost of not having the corresponding income for the time being. If the construction of the project is carried forward in its entirety, the balance is zero. The balance of the construction of the project cannot be on the credit side.