Real Estate
Funds Held in Escrow (Property Sale)
Recording cash held by a third party during a property transaction.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Cash in Escrow | Asset (+) | 50,000.00 | - |
| Customer Deposit / Liability | Liability (+) | - | 50,000.00 |
💡 Accountant's Note
In Real Estate, money is often held in a neutral account until the legal transfer of the title is complete. It is restricted cash, not yet revenue.
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