Real Estate
Pre-Acquisition Due Diligence Costs
Paying for property surveys, environmental assessments, and structural inspections before completing a purchase.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Building / Land (Fixed Asset) | Asset (+) | 5,000.00 | - |
| Cash / Bank | Asset (-) | - | 5,000.00 |
💡 Accountant's Note
Due diligence costs directly attributable to acquiring a specific property are capitalized as part of the asset cost. If the deal falls through, these costs are expensed immediately.
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