Real Estate
Off-Plan Instalment Collection
Collecting a construction-linked instalment from an off-plan buyer as per the payment schedule.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Cash / Bank | Asset (+) | 100,000.00 | - |
| Advance from Buyers (Deferred Revenue) | Liability (+) | - | 100,000.00 |
💡 Accountant's Note
Each instalment collected adds to the deferred revenue balance. No revenue is recognized until handover. The balance sheet grows on both the asset and liability sides simultaneously.
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