Accounting entry in s.o.a for property gift to son in soa
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 February 2014
Can any body please tell me the accounting entry in Statement of affairs for transfer of property from father to son as gift. the registry is done at nil value
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CA Parul Saxena
(Expert)
26 February 2014
Gift paid A/c (Indirect expenses)Dr.........
To Fixed Assets ............................
To Fixed Assets ............................
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