Construction
Intercompany Loan to Project SPV
The parent construction company lending funds to a Special Purpose Vehicle set up for a specific project.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Loan to SPV (Intercompany) | Asset (+) | 3,000,000.00 | - |
| Cash in Bank | Asset (-) | - | 3,000,000.00 |
💡 Accountant's Note
Large contractors often ring-fence projects in SPVs for risk management. Funding from the parent is an intercompany receivable at the parent level and an intercompany payable at the SPV level.
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