At least 75 percent of a REIT’s gross income must be derived from rents from real property, interest on obligations secured by mortgages on real property, dividends from other REITs, and gain from the sale or other disposition of real property. Rents from real property is defined to include rents; charges for services customarily furnished […]

One area that would be challenging would be the interaction of the various subledgers with the general ledger, especially with a multinational, multi-currency operation. The general ledger consists of key components and follows a structured format. Its primary components include individual accounts that represent specific financial categories, such as assets, liabilities, equity, revenue, and expenses. […]

The allowance for doubtful accounts is a general ledger account that is used to estimate the amount of accounts receivable that will not be collected. A company uses this account to record how many accounts receivable it thinks will be lost. Accrual accounting measures a company’s performance and position by recognizing economic events regardless […]