Real Estate
Owners Association Annual Fee
Paying the annual strata or homeowners association fee for a unit owned in a managed development.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Prepaid Association Fees | Asset (+) | 3,600.00 | - |
| Cash / Bank | Asset (-) | - | 3,600.00 |
💡 Accountant's Note
Association fees covering a full year are prepaid assets, amortized at JOD 300/month into Association Fee Expense.
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