harley100
Jun 3, 2009, 02:14 PM
How do I record and entry for the following transaction.
On a construction job the orignal contract amount was 100,000. What do I debit and what do I credit. If I do a percentage of completion accounting what do I debit and what do I credit when 20% of the job is complete.
On a construction job the orignal contract amount was 100,000. What do I debit and what do I credit. If I do a percentage of completion accounting what do I debit and what do I credit when 20% of the job is complete.