Easy Office
LCI Learning

Accounting problem

This query is : Resolved 

25 June 2015 how to entry made of gift in both books

26 June 2015 Gift is adjusted through Capital Account.

In the books of Receiver of gift:

Bank A/c Dr...
To Capital A/c


In the books of Person making gift:

Capital A/c Dr...
To Bank A/c



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries