0
It's difficult to understand from your question and the categories you chose, exactly what you want to know.
If you invest in real estate, and you rent it, that asset takes on accounting implications that are different from investing in real estate and living in it or operating your business from it.
If you are the treasurer of an association that collects assessments from owners in order to pay the expenses of operating the real estate that all owners own in common, that's a different kind of accounting paradigm altogether.
Your tax advisor or tax attorney or CPA can answer your precise question.
Wiki User
∙ 13y ago
Add your answer:
Earn +20 pts
What are the accounting entries in a real estate firm?
There are many accounting entries that can be used in a real estate firm's books. For example, accountants will need to debit cash for an incoming payment, or credit accounts payable for money spent on credit.
What is accounting entry for rent received in advance?
when in real estate business when and agreement his signed what entry intialy passed
What is the difference between Accounting for commercial real estate vs residential real estate?
Residential real estate refers to properties people live which includes single homes, condos, town homes, etc. wheras,In commercial real estate where people work which includes things such as office buildings, retail space, and other properties along those lines.
In Connecticut can an executor ignore requests by the heir for an estate accounting and to communicate when real estate is to be sold?
If you have questions you should call the attorney who is handling the estate. The attorney is being paid a generous fee to handle the estate and should be willing to answer any questions from the beneficiaries and explain the legal timetables for sale of real estate and filing the final account.
What is the purpose of Timberline software?
"Timberline software is used predominantly in the construction and real estate fields. Industry appropriate features of the software include, accounting, project management, purchasing and task management. These tools are crucial to being productive in the construction and real estate markets and Timberline creates a seamless process by which businesses can create, track and conclude projects."
What does a real estate accountant do?
A real estate accountant manages all accounting processes for a real estate team. Bottrell Real Estate work with real estate businesses to help them grow and succeed.
What are the accounting entries in a real estate firm?
There are many accounting entries that can be used in a real estate firm's books. For example, accountants will need to debit cash for an incoming payment, or credit accounts payable for money spent on credit.
Accounting in real estate cash flow game?
I have trouble in doing accounting work in real estate cash flow game. I have add. And it is very confusing. Can you help. Thank You Jerome Back
How is geometry used in real estate?
its not used in real estate
Where can one find information on real estate accounting?
A website called 'George E Dube' explains what is real estate accounting. All the information published on the article is reliable and accurate so don't worry about being lied to.
What other qualification are beneficial for becoming a real estate agent?
Course RequirementsApplicants for a real estate broker license examination must have successfully completed the following eight statutorily required college-level courses:Real Estate Practice; andLegal Aspects of Real Estate; andReal Estate Finance; andReal Estate Appraisal; andReal Estate Economics or Accounting; andThree* courses from the following listReal Estate PrinciplesBusiness LawProperty ManagementEscrowReal Estate Office AdministrationMortgage Loan Brokering and LendingAdvanced Legal Aspects of Real EstateAdvanced Real Estate FinanceAdvanced Real Estate AppraisalComputer Applications in Real EstateCommon Interest Developments *If both Real Estate Economics and Accounting are taken, only two courses from the above group are required.
Where are cost accounting systems used?
Cost accounting systems such as activity-based costing (ABC) systems are used primarily in manufacturing environments, but increasingly are being applied to service companies, such as banks, real estate firms, and insurance companies.
What is used to pledge real property for a loan?
A mortgage is is used to secure real estate pledged as collateral for a loan.A mortgage is is used to secure real estate pledged as collateral for a loan.A mortgage is is used to secure real estate pledged as collateral for a loan.A mortgage is is used to secure real estate pledged as collateral for a loan.
What is a type of loan that is used to buy real estate?
A loan used to buy real estate is a mortgage.
What growth is expected for real estate?
It depends on what kind of investment is used in real estate. There are many types of investment that currently exists or have been used in real estate.
Is a mortgage used to provide security for the note?
No. The real estate is used to provide security for the note. The mortgage is executed to grant the lender an interest in the real estate until the debt is paid.No. The real estate is used to provide security for the note. The mortgage is executed to grant the lender an interest in the real estate until the debt is paid.No. The real estate is used to provide security for the note. The mortgage is executed to grant the lender an interest in the real estate until the debt is paid.No. The real estate is used to provide security for the note. The mortgage is executed to grant the lender an interest in the real estate until the debt is paid.
What has the author Gavin Mullett written?
Gavin Mullett has written: 'An international comparison of commercial real estate's inflation hedging ability' -- subject(s): Accounting and price fluctuations, Real estate investment
