Real Estate
Disposal of Investment Property — Loss
Recording the sale of an investment property for less than its carrying value.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Cash / Bank | Asset (+) | 600,000.00 | - |
| Loss on Disposal of Investment Property | Expense (+) | 150,000.00 | - |
| Investment Property | Asset (-) | - | 750,000.00 |
💡 Accountant's Note
If the property sells below its carrying value, the difference is an immediate loss on the income statement.
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