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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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