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Accounting entries in construction accounting
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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.
How do you adjust entries in accounting on an unadjusted trial balance?
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I have an idea has to posting and journalizing, but not really. Also, I need to know how to adjust entries like, the accounts that has to be adjusted, then what comes next.
Accounting entries
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Dear all I would be grateful if you could help me by teaching what are the account to be posted for these transactions. My brother and I (sharing equally) buy house for 39750 USD which needs to be paid in 3 intallments. We have to pay 17250/- 11250/- 11250/- as 1, 2 and 3rd instalments... View more questions Search
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