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Acconut entry

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02 February 2013 my mother gift me some equity shares so pls tell me what will be the account entry for this transaction for both.
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CA PARAS BAFNA

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CA PARAS BAFNA (Expert)
02 February 2013 In you Books -

Equity Shares A/c Dr.... (Market Value of Shares)
To Sonu's Capital A/c
.
In you mother Books-

Mother's Capital A/c Dr.
To Equity Shares A/c .
.
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