Acconut entry
This query is : Resolved
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.
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 .
.
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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