This section is from the book "Real Estate Accounts", by Walter Mucklow. Also available from Amazon: Real Estate Accounts.
This account shows all expenditures made on account of mortgages receivable and chargeable against specific mortgages, being entered in the mortgages receivable sub-ledger as charges to the income account of the various mortgages. In this account are included such items as paving and other liens, and very frequently attorneys' and court fees on mortgages in the course of foreclosure. The amount is carried forward as an asset.
 
Continue to: