Real Estate
Transfer: Investment Property → Inventory (for Sale)
Moving a building from Investment Property to inventory when the developer decides to sell it.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Property Inventory (for Sale) | Asset (+) | 750,000.00 | - |
| Investment Property | Asset (-) | - | 750,000.00 |
💡 Accountant's Note
When the intention changes from holding to selling, the property transfers to inventory at its current carrying value (fair value). No gain or loss is recorded at the transfer date.
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