Construction
Site Establishment Costs
Capitalizing the initial cost of setting up the construction site — fencing, signage, temporary roads, and site offices.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Work-in-Progress (WIP — Project) | Asset (+) | 35,000.00 | - |
| Cash / Accounts Payable | Asset/Liability (-) | - | 35,000.00 |
💡 Accountant's Note
Site setup costs are directly attributable to the contract and are capitalized into WIP. They will become part of Cost of Sales when the project revenue is recognized.
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