[vodrldnr]

I am doing simulation

the simulation require to make B/S

the answer is like

A/R ——————— ( )( 165,000 )
COST and estimated earrings in excess of billing :
construction in progress ( )( )
less: billing ( ) ( )

something like this…

my question is

for J/E we Debit A/R when it increase right ???

then why we credit it on B/S??????

…..

It ain't About How Hard You Hit