Question
How do i record a property purchase of a completion statement, including the step of moneys at the accountant?
Moneys from company and from lender (mortgage) are transferred to solicitors, most of which are then transferred to the vendor and some kept by solicitors for their charges,and disbursements.
Presumably all this is recorded with a journal entry, but how do i categorize/classify the stage where the money is at the solicitor?
Presumably all this is recorded with a journal entry, but how do i categorize/classify the stage where the money is at the solicitor?
