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Accounting entry in s.o.a for property gift to son in soa

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Querist : Anonymous

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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

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CA Parul Saxena (Expert)
26 February 2014 Gift paid A/c (Indirect expenses)Dr.........
To Fixed Assets ............................
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