What subjects does the hotel construction cost include?

The construction cost of the hotel is as follows:

Generally, it can be listed as a "project under construction". Specifically, the building outside the hotel belongs to the hotel, so it will enter the "project under construction" during the renovation and will be transferred to "fixed assets" after the renovation. The details are as follows: during the renovation period, borrow: projects under construction, and lend: bank deposits or cash. Loans after renovation: fixed assets, loans: projects under construction.

"Construction in progress" account:

This course accounts for the value of capital construction, technological transformation and other projects under construction of enterprises.

Follow-up expenses related to the fixed assets of the enterprise include daily repair expenses, major repair expenses, decoration expenses, house decoration expenses, etc. , in line with the "fixed assets standards" provisions of the conditions for the recognition of fixed assets, but also in this account; Do not meet the conditions for the confirmation of fixed assets, should be in the "management expenses" accounting, not in this account.

This course should be based on the "construction in progress", "installation project", "equipment in installation", "prepaid expenses" and individual projects for detailed accounting. If the construction in progress is impaired, the detailed account of "impairment provision" should be set in this account for accounting. The debit balance at the end of this course reflects the value of the construction in progress of the enterprise.