15 Accounting entries and 5 points for attention in accounting treatment commonly used by construction companies!


Contract revenue recognized in the current period = (total contract revenue × completion schedule) – cumulative revenue recognized in previous accounting periods; 3

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Subcontracting cost 6

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If the former is greater than the latter, the difference shall be listed in the “inventory” item of the balance sheet; if the latter is greater than the former, the difference shall be reflected in the “advance receipt” item

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The debit balance at the end of the period reflects the construction contract cost and contract gross profit of the enterprise that has not yet completed

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Pay attention to the second project construction – under the contract cost, set the following detailed items: 1

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Completion schedule = cumulative actual cost / estimated total cost × 100%; 2

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Other direct costs 5

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Contract cost recognized in the current period = cumulative actual contract cost – cumulative contract cost recognized in previous accounting periods; 4 Contract gross profit recognized in the current period = contract income recognized in the current period – contract cost recognized in the current period..

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Accounting treatment 1: receipt of advance collection: Debit: bank deposit: 10.9 million yuan; Credit: advance collection – 10.9 million yuan; accounting treatment 2: prepayment of VAT 2% on the received advance collection: Debit: tax payable – prepayment of VAT 200000 yuan; Credit: bank deposit: 0.2 million yuan““““““““““““““““““““““““““““““““““““““““““““““ “““““““““““““““““““““““““““““““““““““““““““““““““““““““““““Accounting treatment 3: local prepayment of additional tax debit: tax payable – urban construction tax ﹣ 14000 yuan – education surcharge ﹣ 6000 yuan – local education surcharge ﹣ 4000 yuan loan: Bank Bank deposit ﹣ 24000 yuan ﹣ accounting treatment ﹣ enterprise income tax 0.2% in advance for construction in other places: Debit: tax payable ﹣ enterprise income tax ﹣ 30000 yuan loan: bank deposit ﹣ 30000 yuan accounting treatment ﹣ value-added tax carried forward and paid in advance at the end of May: Debit: tax payable ﹣ value-added tax ﹣ 200000 yuan loan: tax payable ﹣ value-added tax ﹣ 200000 yuan accounting treatment Settlement settlement settlement settlement settlement payment invoice invoice: Loan: bank deposit RMB 109rmb yuan loan: project settlement RMB RMB 1 million yuan project settlement RMB 1 million yuan project settlement RMB 1 million yuan project settlement RMB 1 million yuan tax payable tax payable value added tax payable amount of total amount of total amount of RMB 9000rmb yuan, amount of amount of total amount of total amount of tax payable amount of total amount of total amount of total amount of total amount of tax payable amount of tax payable amount of tax payable amount of total amount of total amount of total amount of total amount of total amount of amount of RMB 9000rmb yuan, amount of RMB yuan, amount, amount, amount, amount, amount, amount, amount, amount, amount, amount, amount, amount, amount, amount, amount, amount, amount, amount, amount, amount, amount, amount, amount, amount, amount, amount, amount, amount, amount, amount, amount, amount, amount, amount, amount, amount, amount, amount, amount, amount, amount, amount, amount, amount, amount, amount, final settlement settlement settlement settlement settlement settlement settlement settlement settlement settlement settlement settlement settlement settlement settlement settlement settlement settlement ah, ah, ah, ah, ah, ah, ah, ah, ah, ah, ah, ah, ah, ah, ah, ah, ah, ah, ah, ah, ah, ah, ah, ah, ah, ah, ah, ah, ah, ah, ah, ah, ah, ah Payment of project subcontracting funds and invoice at ordinary times: Debit: Project Construction – subcontracting cost ﹣ 200 tax payable – VAT payable – input tax ﹣ 180000 yuan; Credit: bank deposit or accounts payable ﹣ 2.18 million yuan; accounting treatment: purchase of construction materials at ordinary times: Debit: raw materials ﹣ 1 million yuan; tax payable – VAT payable – input tax ﹣ 130000 yuan; Credit: bank deposit ﹣ 1.13 million yuan; Accounting Office Lijiuping site used building materials: Borrow: Project Construction – direct material cost ﹣ 1 million yuan loan: raw materials ﹣ 1 million yuan accounting treatment ﹣ monthly income and cost are recognized according to the project completion schedule: Borrow: main business cost ﹣ 16 million yuan project construction – project gross profit ﹣ 4 million yuan loan: Main business income ﹣ 20 million yuan accounting treatment ﹣ 11 payment of machinery use fee: Borrow: project cost ﹣ 16 million yuan Construction machinery use fee: 1 million yuan tax payable VAT input tax 90000 yuan loan: bank deposit: 1.09 million yuan accounting treatment 12 payment of labor cost: Loan: engineering construction direct labor cost: 1 million yuan loan: employee salary payable: 1 million yuan accounting treatment 13 payment of daily other expenses: Loan: Engineering Construction direct labor cost: 1 million yuan Construction – other direct costs: RMB 200000 loan: bank deposit (or cash, etc.) RMB 200000 accounting treatment calculate vat at the end of April: Loan: tax payable – VAT payable – transfer out of unpaid VAT: RMB 30000 loan: tax payable – unpaid VAT: RMB 30000 accounting treatment 15 Contract Completion Settlement “project construction” and “project settlement” subject: Loan: tax payable – unpaid VAT: RMB 30000 Project settlement: 16 million yuan loan: Project Construction – contract cost: 12 million yuan – contract gross profit: 4 million yuan

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Note 5: revenue recognition by percentage of completion method: 1

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Material cost 3

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When preparing the financial statements at the end of the fourth period, we should compare the balance of “project construction” and “project settlement”

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It belongs to the subject of construction allowance

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Pay attention to the third project settlement items, and calculate the accumulated amount of settlement to the owner according to the construction contract

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Labor cost 2

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Machinery use cost 4

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Indirect costs

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