Construction in progress entries, construction in progress accounting entries

The following detailed accounts shall be set up for the construction in progress:

1) Construction works;

2) installation works;

3) Technological transformation projects;

4) Other expenditures.

Accounting treatment of construction in progress:

1) For the contracted project, when the project payment and material preparation payment are prepaid to the contractor in accordance with the provisions of the contract, the project in progress account (construction project, installation project, etc.) shall be debited and the "bank deposit" account shall be credited according to the actual price paid; If the materials allocated to the contractor are used as the prepayment for materials, the actual cost of the project materials shall be debited to the project in progress account (construction engineering, installation project, etc.) and credited to the "project materials" account; When the equipment to be installed is delivered to the contractor for installation, the construction in progress account (construction work, installation project, etc.) shall be debited according to the cost of the equipment, and the "construction materials" account shall be credited. When settling the project price with the contractor, the supplementary payment shall be debited to the project in progress (construction project, installation project, etc.), and credited to the "bank deposit", "accounts payable" and other accounts.

2) Self-operated projects, when receiving engineering materials, should be based on the actual cost of engineering materials, debit the construction in progress subjects (construction engineering, installation engineering, etc.), credit "engineering materials" and other subjects; If the project receives the materials of the enterprise, it shall be debited to the account of construction in progress (construction engineering, installation engineering, etc.) according to the actual cost of materials plus the non-deductible VAT input tax, and the "material" account shall be credited according to the actual cost of the materials, and the "tax payable——— VAT payable (input tax transferred out)" account shall be credited according to the non-deductible VAT input tax.

When the project receives the commodity products of the enterprise, the actual cost of the commodity products plus the relevant taxes and fees payable shall be debited to the construction in progress account (construction engineering, installation engineering, etc.), and the accounts of "tax payable ——— value-added tax payable (output tax)" shall be credited according to the relevant taxes and fees payable, and the account of "inventory goods" shall be credited according to the actual cost of inventory goods.

The wages and welfare expenses of employees to be borne by the project shall be debited to the subjects of construction in progress (construction works, installation works, etc.), and credited to the accounts of "wages payable" and "welfare expenses payable".

3) The project management fee, land requisition fee, feasibility study fee, temporary facility fee, notary fee, supervision fee, etc., incurred in the project, shall be debited to the project in progress (other expenditures), and credited to the "bank deposit" and other accounts.

The relevant test expenses incurred before the project reaches the intended state of use shall be included in the cost of the construction in progress.

The closing debit balance of the construction in progress account reflects the actual cost of the unfinished project of the enterprise.

Paragraph 5 of Article 50 of the Accounting System for Business Enterprises stipulates that except for the purchase and construction of fixed assets, all expenses incurred during the preparation period.

It is first collected in the long-term amortized expenses, and the loss in the month of the start of production and operation shall be included in the loss of the month in which the enterprise starts production and operation. Benefit.

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1. The purchased and constructed equipment needs to be installed.

Borrow: Construction in progress - ** equipment.

Tax Payable - VAT Payable - Input VAT.

Credit: Bank Deposits - ** Line.

2. Purchase materials and labor costs for installation equipment.

Borrow: Construction in progress - ** equipment.

Credit: raw materials.

Employee compensation payable.

3. The equipment has been installed and used after acceptance.

Borrow: Fixed Assets ** Equipment.

Credit: Construction in progress - ** equipment.

Construction in progress accounting entries: selling.

1. When construction expenses are incurred.

Borrow: Construction in progress.

Credit: bank deposits, construction materials, salaries payable to employees, etc.

2. When completed.

Borrow: Fixed assets.

Credit: Construction in progress.

Construction in progress refers to the expenditure on unfinished projects such as new construction, reconstruction and expansion of enterprise assets, or 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 contracted construction project refers to the project contracted by other engineering teams or units by the enterprise through the signing of a contract.

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The follow-up expenses related to fixed assets of the enterprise, including the daily repair costs, major repair costs, renovation and renovation costs, and house decoration expenses 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.

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Entry accounts: 1. For the contracted project, when the project is prepaid to the contractor in accordance with the provisions of the contract, the project in progress account and the "bank deposit" account shall be credited according to the actual payment of the price of Xiangzhichong.

2. For self-operated projects, when receiving engineering materials, the actual cost of engineering materials shall be debited to the project in progress and credited to the "engineering materials" and other subjects.

3. The project management fee, land requisition fee, feasibility study fee, temporary facility fee, public certificate fee, supervision fee, etc., incurred in the project shall be debited to the project in progress and credited to the "bank deposit" and other subjects.

1. When the purchase and construction equipment needs to be installed, borrow: construction in progress - a certain equipment, tax payable - value-added tax payable (input tax), credit: bank deposit, 2. materials and labor fees for the purchase and installation of equipment, borrow:

Construction in progress - a piece of equipment, credit: raw materials, payable wages and salaries, three empty, equipment has been installed, used after acceptance, borrow: fixed assets, credit:

Construction in progress - a piece of equipment.

1. The purchased and constructed equipment needs to be installed.

Borrow: Construction in progress - ** equipment.

Tax payable - value-added sales tax payable - input tax.

Credit: Bank Deposits - ** Line.

2. Purchase materials and labor costs for installation equipment.

Borrow: Construction in progress - ** equipment.

Credit: raw materials.

Employee compensation payable.

3. The equipment has been installed and used after acceptance.

Borrow: Fixed Assets ** Equipment.

Credit: Construction in progress - ** equipment.

Construction engineering is the planning, survey, design and construction, completion and other technical work and completed engineering entities and supporting lines, pipelines and equipment for the planning, survey, design and construction of new construction, reconstruction or expansion of housing buildings and ancillary structures and facilities. It also refers to the construction of various houses and buildings, also known as construction workload. This part of the investment must be carried out through construction activities.

For construction enterprises, it is often necessary to deal with the accounting problems of jujube construction projects. Construction in progress refers to construction projects that are under construction and have not yet been completed and put into use, what should be done with the relevant accounting entries?

1. Construction expenses incurred:

Borrow: Construction in progress.

Credit: bank deposits, engineering materials and other subjects.

2. When it is finished:

Borrow: Fixed assets.

Credit: Construction in progress.

Fixed assets refer to non-monetary assets held by enterprises for the production of products, provision of labor services, leasing or operation and management of Kuanzhou, which have been used for more than 12 months and have reached a certain standard in value, including houses, buildings, machines, machinery, means of transportation and other equipment, appliances and tools related to production and business activities.

What are the accounting subjects of construction in progress?

Construction in progress is an asset account. 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 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.

Projects under construction, including projects under construction, usually have two ways: "self-management" and "outsourcing". 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.