This section is from the book "Real Estate Accounts", by Walter Mucklow. Also available from Amazon: Real Estate Accounts.
Subdivision properties are held under similar conditions and subject to the same rules as any general property. The only difference in treatment required is the frequent verification of the plats or lists showing the unsold lots, and the comparison thereof with the balance of the account showing the cost price; for it is evident that the great number of detailed sales found in any larger subdivision may easily lead to errors unless a constant watch be kept.
 
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