What is deposit method, Financial Management

Q. What is Deposit Method?

Deposit Method - Related to sales of real estate, under this method seller doesn't recognize any profits, doesn't record a note RECEIVABLE and continues to reflect property and related DEBT in seller's FINANCIAL STATEMENTS, recording the buyer's initial investment and subsequent payments as a deposit.

Posted Date: 8/17/2013 3:17:43 AM | Location : United States







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