Real Estate
Joint Venture Share of Profit (Equity Method)
Recording the company's share of a real estate joint venture's annual net income.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Investment in Joint Venture | Asset (+) | 150,000.00 | - |
| Share of JV Profit | Revenue (+) | - | 150,000.00 |
💡 Accountant's Note
Under the equity method (IFRS 11), the investor increases its investment value by its share of the JV's profit. This is not a dividend — it is an accrual of economic benefit.
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