Accounting problem
This query is : Resolved
Ayush jain
(Querist)
25 June 2015
how to entry made of gift in both books
26 June 2015
Gift is adjusted through Capital Account.
In the books of Receiver of gift:
Bank A/c Dr...
To Capital A/c
In the books of Person making gift:
Capital A/c Dr...
To Bank A/c
In the books of Receiver of gift:
Bank A/c Dr...
To Capital A/c
In the books of Person making gift:
Capital A/c Dr...
To Bank A/c
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