Journal Entry of REIT in the hands of Share Holders
Himanshu jain (student) (63 Points)
05 August 2021
What will be the journal entries of amount received from REIT?
2 Replies
Rama chary Rachakonda
(Master in Accounts & Lawyer email ID:ramachary64@gmail.com voice no:9989324294)
(5179 Points)
Replied 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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