Interested in joint accounts?
Not exact matches
The National Association of Real Estate Investment Trusts («NAREIT») defines funds from operations («NAREIT FFO») as net income / (loss) attributable to common shareholders computed
in accordance with generally accepted
accounting principles
in the United States («GAAP»), excluding gains or losses from sales of operating real estate assets and change
in control of
interests, plus (i) depreciation and amortization of operating properties and (ii) impairment of depreciable real estate and
in substance real estate equity investments and (iii) after adjustments for unconsolidated partnerships and
joint ventures calculated to reflect NAREIT FFO on the same basis.
After studying this chapter, you will be able to: Explain the basic nature of a
joint stock company as a form of business organisation and the various kinds of companies based on liability of their members Describe the types of shares issued by a company Explain the
accounting treatment of shares issued at par, at premium and at discount including oversubsription Outline the accounting for forfeiture of shares and reissue of forfeited shares under varying situations Workout the amounts to be transferred to capital reserve when forfeited shares are reissued; and prepare share forfeited account State the meaning of debenture and explain the difference between debentures and shares Describe various types of debentures; Record the journal entries for the issue of debentures at par, at a discount and at premium Explain the concept of debentures issued for consideration other than cash and the accounting thereof Explain the concept of issue of debentures as a collateral security and the accounting thereof Show the items relating to issue of debentures in company's balance sheet Describe the methods of writing - off discount / loss on issue of debentures Explain the methods of redemption of debentures and the accounting thereof Explain the concept of sinking fund, its use for redemption of debentures and the accounting thereof Topic List Features of a Company Kinds of Companies Share Capital of a Company Nature and Classes of Shares Issue of Shares Accounting Treatment Forfeiture of Shares Meaning of Debentures Types of Debentures Issue of Debentures Over Subscription Terms of Issue of Debentures Interest on Debentures Writing - off Discount / Loss on Issue of Debentures Redemption of Debentures Redemption by Payment in Lump Sum Sinking F
accounting treatment of shares issued at par, at premium and at discount including oversubsription Outline the
accounting for forfeiture of shares and reissue of forfeited shares under varying situations Workout the amounts to be transferred to capital reserve when forfeited shares are reissued; and prepare share forfeited account State the meaning of debenture and explain the difference between debentures and shares Describe various types of debentures; Record the journal entries for the issue of debentures at par, at a discount and at premium Explain the concept of debentures issued for consideration other than cash and the accounting thereof Explain the concept of issue of debentures as a collateral security and the accounting thereof Show the items relating to issue of debentures in company's balance sheet Describe the methods of writing - off discount / loss on issue of debentures Explain the methods of redemption of debentures and the accounting thereof Explain the concept of sinking fund, its use for redemption of debentures and the accounting thereof Topic List Features of a Company Kinds of Companies Share Capital of a Company Nature and Classes of Shares Issue of Shares Accounting Treatment Forfeiture of Shares Meaning of Debentures Types of Debentures Issue of Debentures Over Subscription Terms of Issue of Debentures Interest on Debentures Writing - off Discount / Loss on Issue of Debentures Redemption of Debentures Redemption by Payment in Lump Sum Sinking F
accounting for forfeiture of shares and reissue of forfeited shares under varying situations Workout the amounts to be transferred to capital reserve when forfeited shares are reissued; and prepare share forfeited
account State the meaning of debenture and explain the difference between debentures and shares Describe various types of debentures; Record the journal entries for the issue of debentures at par, at a discount and at premium Explain the concept of debentures issued for consideration other than cash and the
accounting thereof Explain the concept of issue of debentures as a collateral security and the accounting thereof Show the items relating to issue of debentures in company's balance sheet Describe the methods of writing - off discount / loss on issue of debentures Explain the methods of redemption of debentures and the accounting thereof Explain the concept of sinking fund, its use for redemption of debentures and the accounting thereof Topic List Features of a Company Kinds of Companies Share Capital of a Company Nature and Classes of Shares Issue of Shares Accounting Treatment Forfeiture of Shares Meaning of Debentures Types of Debentures Issue of Debentures Over Subscription Terms of Issue of Debentures Interest on Debentures Writing - off Discount / Loss on Issue of Debentures Redemption of Debentures Redemption by Payment in Lump Sum Sinking F
accounting thereof Explain the concept of issue of debentures as a collateral security and the
accounting thereof Show the items relating to issue of debentures in company's balance sheet Describe the methods of writing - off discount / loss on issue of debentures Explain the methods of redemption of debentures and the accounting thereof Explain the concept of sinking fund, its use for redemption of debentures and the accounting thereof Topic List Features of a Company Kinds of Companies Share Capital of a Company Nature and Classes of Shares Issue of Shares Accounting Treatment Forfeiture of Shares Meaning of Debentures Types of Debentures Issue of Debentures Over Subscription Terms of Issue of Debentures Interest on Debentures Writing - off Discount / Loss on Issue of Debentures Redemption of Debentures Redemption by Payment in Lump Sum Sinking F
accounting thereof Show the items relating to issue of debentures
in company's balance sheet Describe the methods of writing - off discount / loss on issue of debentures Explain the methods of redemption of debentures and the
accounting thereof Explain the concept of sinking fund, its use for redemption of debentures and the accounting thereof Topic List Features of a Company Kinds of Companies Share Capital of a Company Nature and Classes of Shares Issue of Shares Accounting Treatment Forfeiture of Shares Meaning of Debentures Types of Debentures Issue of Debentures Over Subscription Terms of Issue of Debentures Interest on Debentures Writing - off Discount / Loss on Issue of Debentures Redemption of Debentures Redemption by Payment in Lump Sum Sinking F
accounting thereof Explain the concept of sinking fund, its use for redemption of debentures and the
accounting thereof Topic List Features of a Company Kinds of Companies Share Capital of a Company Nature and Classes of Shares Issue of Shares Accounting Treatment Forfeiture of Shares Meaning of Debentures Types of Debentures Issue of Debentures Over Subscription Terms of Issue of Debentures Interest on Debentures Writing - off Discount / Loss on Issue of Debentures Redemption of Debentures Redemption by Payment in Lump Sum Sinking F
accounting thereof Topic List Features of a Company Kinds of Companies Share Capital of a Company Nature and Classes of Shares Issue of Shares
Accounting Treatment Forfeiture of Shares Meaning of Debentures Types of Debentures Issue of Debentures Over Subscription Terms of Issue of Debentures Interest on Debentures Writing - off Discount / Loss on Issue of Debentures Redemption of Debentures Redemption by Payment in Lump Sum Sinking F
Accounting Treatment Forfeiture of Shares Meaning of Debentures Types of Debentures Issue of Debentures Over Subscription Terms of Issue of Debentures
Interest on Debentures Writing - off Discount / Loss on Issue of Debentures Redemption of Debentures Redemption by Payment
in Lump Sum Sinking Fund Method
Interest on a
joint account in the UK is attributed to both
account holders with an equal 50/50 split, regardless of who has deposited the
account balance.
Each spouse receives their own discretionary spending money
in their own separate
interest bearing checking
account each month, with all other funds being held
in joint accounts.
All funds deposited
in a
joint account, including any
interest earned, become the property of all
joint tenants.
If the
account is
in joint names, any
interest earned would be split between you.
And
in the case of a
joint account, that
interest is treated as being split equally.
The owner and
joint owner (if any) agree to be jointly and severally liable for negative balances on any
accounts in which either or both owners have an ownership
interest, including any overdrafts, regardless of the cause, and agree to immediately deposit sufficient funds to cover the negative amount of the overdraft.
All of the funds
in a
joint account may be used to repay the debts of any co-owner, whether they are owed individually, by a co-owner, jointly with other co-owners, or jointly with other persons or entities having no
interest in your
account.
After the questioner specified
interest North Carolina
in the comments, I found that the North Carolina general banking statutes have specific rules for
joint accounts:
In the event of the death of an owner, the entire beneficial interest in the Account shall be transferred to the surviving joint owner (s
In the event of the death of an owner, the entire beneficial
interest in the Account shall be transferred to the surviving joint owner (s
in the
Account shall be transferred to the surviving
joint owner (s).
If you have a
joint checking
account, you will be responsible for all advances, including
interest and charges, from your credit card to cover overdrafts, regardless of who writes the check, makes the debit card purchase, or engages
in any other transaction that causes the overdraft.
We have teams
in North America, Asia, Europe and the Middle East handling private fund matters throughout the world
in all aspects including: without limitation, fund formation; the secondary sales of private fund
interests, individually, or as portfolios; customized private capital formation structures, such as complex separate
accounts, captive funds, SMAs, IMAs, funds - of - one, co-investments, platform arrangements, consortia, and
joint venture arrangements.
Over the course of his career, Darin has worked on lease priority disputes, surface use agreements, farmout agreements,
joint operating agreements, unit operations, royalty disputes, drilling contracts,
joint interest accounting, NEPA compliance, and various other aspects of oil and gas operations
in the Rockies,
in addition to general commercial litigation.