Journal Entry of REIT in the hands of Share Holders

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student
63 Points Posted on 05 August 2021
What will be the journal entries of amount received from REIT?
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On 05 August 2021 at 17:41 Report
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Quick Summary
This discussion clarifies the accounting treatment for Real Estate Investment Trust (REIT) distributions received by shareholders. Amounts received are considered income from a property rental business. Consequently, these distributions should be credited to the profit and loss account in the final accounts.

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Master in Accounts & high court Advocate
9620 Points Posted on 06 August 2021

distributions of income profits and capital gains by the REIT are treated as income from a property rental business in the hands of investors. so credit profit and loss account in final accounts

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On 06 August 2021 at 11:52
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student
63 Points Posted on 06 August 2021
Ok sir thanks
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On 06 August 2021 at 11:54

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