ASC 31010502 specifies the information required to be addressed in an accounting policy note for all loans and trade receivables. Contract Accounting prepares a close out letter which is sent to the contractor and Bureau of Community Services. (BCS).This position is responsible for preparing journal vouchers; making entries of adjustments to accounts; and working with spreadsheets. PTR's complaint alleged that it was the assignee of accounts receivable from the liquidator and sought recovery for breach of contract and damages. Included in a Turnkey Contract used in the industry. Merchandising, Jobbing and Contract Work. Reclassify accounts payable with material debit balances to accounts receivable.