(2) If you choose to sell by installments, you need to determine the realization of income according to the price agreed in the sales contract or sales agreement.
(3) If you choose to sell products by bank mortgage, then the developer should determine the specific total income according to the agreed price in the sales contract and agreement.
The above are actually three conditions for real estate developers to confirm their income. Generally, the deposit is paid, which is actually only the accounts received in advance and cannot be counted as operating income. If you sign a house purchase contract and pay a down payment, even if you apply for a bank loan, the money has not yet arrived, and this type can also be regarded as operating income. The revenue recognition time of real estate companies is usually based on the settlement time of commercial housing.
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