SIR
What is the accounting treatment when asset acquired by way of gift from relatives ,how to make entry in books
?..
gopi krishna (Article Assistant) (66 Points)
29 July 2014SIR
What is the accounting treatment when asset acquired by way of gift from relatives ,how to make entry in books
?..
CA PRIYUL SHAH
(JOB)
(901 Points)
Replied 29 July 2014
You need to pass following entry
Asset A/c Dr. xxx
To Capital A/c xxx
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