Accounting for fixed asset and mortgage liability? - dr mortgage
If I buy a property for 1.5 million U.S. dollars in a mortgage note /
and corporate structures have a partner that would work.
Dr. Cash 1.5mill
Mortgage to pay millions of CR1.5
Dr. country 1.5mill
CR 1.5mil cash
In this case, it's influence on my own capital or equity capital. Am I right? or is there a better way to explain this
Tuesday, December 22, 2009
Dr Mortgage Accounting For Fixed Asset And Mortgage Liability?
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