NEWS & BLOGS EXCLUCIVELY FOR INFORMATION TO ENGINEERS & VALUERS COMMUNITY
1. Bamboo Bamboo is considered one of the best eco-friendly building materials. It has an incredibly high self-generation rate, with some being reported to have grown up to three feet within 24 hours. It continues spreading and growing without having to be replanted after harvest. Bamboo is a perennial grass and not wood and grows […]
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1. Free Hold Property: A freehold property is one, where the owner/society/residents’ welfare association owns the building and the land that it stands on outright, in perpetuity. Freehold land is generally bought through an auction or lottery. The completed project, thus, will include the cost of the land incorporated in the final cost of the
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Capitalization: Capitalization is any method used to convert an income stream into value. There are two primary income capitalization methods: direct capitalization and yield capitalization. (A capitalization rate is any rate used to convert an estimate of future income into an estimate of market value. Direct Capitalization is a method used to convert an estimate
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It is possible for someone who has no prior real estate experience to get carried away by the lure of profits and invest in real estate which offers no returns. Real estate investment comes with certain risks and a beginner should keep the following points in mind before spending his/her hard-earned money. Stay Patient –
POINTS TO CONSIDER BEFORE INVESTING IN REAL ESTATE Read More »
An important effect of the Rent Act was that the value of all tenanted properties fell in the market substantially and it remained at an artificially low level for a very long period of 40 to 50 years. Persons desiring to invest funds in sound securities with fair return stopped building houses for rental income
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DIFFERENCE BETWEEN MARKET VALUE AND FAIR MARKET VALUE Fair value is the most used term for valuing an asset. Fair value can be best defined as the value by which an asset changes hands between two parties. It is more likely traced with the fair value of a share price. On the other hand, the
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LEDGER: The book in which transactions are recorded in classified permanent form is called the Ledger. Ledger is the permanent storehouse of all the financial transactions. A ledger, also known as the second book of entry, is a record-keeping system that records all of a company’s classified financial data. Transactions are recorded in the ledger in
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A bank reconciliation statement is a summary of banking and business activity that reconciles an entity’s bank account with its financial records. The statement outlines the deposits, withdrawals, and other activities affecting a bank account for a specific period. A bank reconciliation statement is a useful financial internal control tool used to thwart fraud. Bank
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Depreciation is the process of deducting the total cost of something expensive you bought for your business. But instead of doing it all in one tax year, you write off parts of it over time. When you depreciate assets, you can plan how much money is written off each year, giving you more control over
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Bookkeeping is a process of recording and organizing all the business transactions that have occurred in the course of the business. Bookkeeping is an integral part of accounting and largely focuses on recording day-to-day financial transaction of the business. Bookkeeping is the process of recording your company’s financial transactions into organized accounts on a daily
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Accounting is the process of recording financial transactions pertaining to a business. The accounting process includes summarizing, analyzing, and reporting these transactions to oversight agencies, regulators, and tax collection entities. The financial statements used in accounting are a concise summary of financial transactions over an accounting period, summarizing a company’s operations, financial position, and cash.
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The Double entry system of bookkeeping is undoubtedly the fundamental and most prevalent bookkeeping system in the accounting world. The Double-entry system is a system of bookkeeping where every financial transaction is recorded in at least 2 different accounts, with equal and opposite effects on the respective accounts. In a double-entry system, the entries are made in the system to
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