This section is from the book "Real Estate Accounts", by Walter Mucklow. Also available from Amazon: Real Estate Accounts.
The complete audit of such a concern as is represented in the typical trial balance shown in Chapter XXV (Analysis Of A Typical Trial Balance. Section 180. Clean Bookkeeping) would include a verification of the following classes of accounts:
Cash Disbursements
Real Estate Owned
Mortgages Receivable, Principal, and Interest
Treasury Stock
Mortgages Payable, Principal, and Interest
Profit and Loss Account
Branch Offices
(a) Earned Profits
(c) Cost of Unsold Lots
(d) Condition of Open Contracts
 
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