Real Estate
Post-Handover Payment Plan (Receivable)
Recording a receivable for the balance of a unit price to be paid after handover over 3 years.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Long-Term Receivable (Post-Handover) | Asset (+) | 300,000.00 | - |
| Property Sales Revenue | Revenue (+) | - | 300,000.00 |
💡 Accountant's Note
Revenue is recognized at handover regardless of when cash is collected. The outstanding post-handover balance is a long-term receivable. An imputed interest adjustment may be required if the plan is interest-free.
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