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Incomplete Contracts Adjustment |
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Company: |
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For year: |
Date Prepared: |
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Prepared by: |
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SUMMARY: Make these entries in General Ledger |
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CR Customer Deposits |
DR Work in Process |
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DR Income Account" |
CR Cost of Goods Sold |
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Projects in progress at EOY |
Project Start Date |
Income YTD |
COGS YTD |
Profit YTD |
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REVERSE: to reverse the GL entries above, after the tax preparation reports have been run: |
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DR Customer Deposits |
CR Work in Process |
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CR Income Account |
DR Cost of Goods Sold |
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PRINT: Portrait, Margins=Minimum, Scale=Default |
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