Real Estate
Intercompany Loan for Property Development
Recording a loan from the parent company to a subsidiary SPV set up for a development project.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Cash / Bank | Asset (+) | 5,000,000.00 | - |
| Due to Parent Company (Intercompany) | Liability (+) | - | 5,000,000.00 |
💡 Accountant's Note
Real estate developers often use Special Purpose Vehicles (SPVs) for individual projects. Funding from the parent is an intercompany liability at the SPV level.
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