journal entry required

contract costing

Total contact price =10 lakh
Total estimated cost of contact= 12 lakh
So estimated loss =2 lakh

But actual loss is =1 lakh

So as per conservatism provision should be made for further loss expected is 1 lakh .

so in which account should we show the provision entry for
further loss expected is 1 lakh

please tell me journal entries in above situations???