Real Estate
Escrow Release on Project Completion
Releasing restricted escrow funds to the developer upon obtaining the building completion certificate.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Cash / Bank (Unrestricted) | Asset (+) | 200,000.00 | - |
| Cash in Escrow (Restricted) | Asset (-) | - | 200,000.00 |
💡 Accountant's Note
Escrow accounts hold buyer payments in trust during construction. Upon legal completion, the regulator releases the funds to the developer.
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