2 Answered Questions for the topic home ownership
04/26/19
How do I enter a house sale into my accounting package?
We sold our house and purchased a new one. The money from the sale went into our lawyer's trust account, and then was passed onto the vendor that sold us the new house.
In my accounting package, I...
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03/27/19
Basic bookkeeping account entries for a house purchase and mortgage?
I borrow 200,000 to purchase a house worth 250,000, putting down 50,000 of my own.
The borrowing is at 5% over 30 years.
What are the basic double-entry bookkeeping entries I must make to record...
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