Real Estate Investment Accounts Course for Shareholders
Real Estate Investment Accounts Course for Shareholders
Proving the shareholders on the project and determining the percentage of supervision and follow-up and the company's share in the project, assuming that the percentage of supervision 20% of the value of specific expenses was agreed
The first step:- to collect the start of partnership payments on the project
1,500,000 from the cash account of the banks
(National Bank of Egypt)
1,500,000 To shareholders' account
500,000 shareholder #1
500,000 shareholder #2
500,000 shareholder #3
The second step:- is to prove the expenses for the project during the period by imposing 300,000 LE
300,000 from the operations expense account
( Iron - Cement - Contractors - Equipment )
300,000 to cash account
( Fund - Custody employees - Banks )
The third step:- is to prove the expenses of the supervision before the closing of the expenses by imposing 60,000 lE
60,000 from the operations expense account
( Supervisory and follow up expenses )
60,000 to revenue
(Income of supervision and follow – up)
Step 4:- Distribution of expenses each period to shareholders according to the share of each shareholder comprehensive supervision
360,000 from shareholders
120,000 Contributor 1
120,000 Contributor 2
120,000 Contributor 3
360,000 to operating expenses
( Iron - Cement - Contractors - Equipment - Supervision & Follow-up )
Step 5 :- Prove a sale of a unit or parcel of land
800,000 from customers
( Dr. Gamal Ibrahim El Assiouty )
800,000 To the income of eligible shareholders
200,000 shareholder 1
200,000 shareholder 2
200,000 shareholder 3
Step 6:- Collect payments and installments from customers
450,000 from cash
( Main Fund )
450,000 to the customer
( d. Jamal Ibrahim Al – Assiuti )
Step 7:- Verify the shareholders' entitlement to the payments received
450,000 of the outstanding shareholders' equity
150,000 shareholder 1
150,000 shareholder 2
150,000 shareholder 3
450,000 to shareholders
150,000 shareholder 1
150,000 shareholder 2
150,000 shareholder 3
Contributor account statement
A cash account statement will be available to him in the case of withdrawal from the partnership or to claim payments to finance the project and calculate the revenues due in units sold
Shareholders account # Contributing # 1 Cash Balance # 880000
Starting a Partnership Step # 1 | 500000 | ||
Loaded with a summary of expenses # 2 | 120000 | ||
Proof of shareholder's share in the premiums received | 450000 | ||
The value of his share of sales step # 5 | 200000 | ||
The value of the proceeds collected from step 7 | 150000 | ||
Total | 1150000 | 270000 |
Report on the position of the contributor to the project
500000 | Start of partnership |
200000 | Value of sales |
12000 | Actual expenses deduction |
58000 | The rest |
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