Accounting treatment for assets transfered through will in the balance sheet
This query is : Resolved
Guest
Guest
(Querist)
14 June 2015
Sir,
In Case of individual when any immovable property is transfered through will after the death of father, then at what value the property will be recorded in the books (balance sheet )?? At what value ??
In Case of individual when any immovable property is transfered through will after the death of father, then at what value the property will be recorded in the books (balance sheet )?? At what value ??
15 June 2015
The asset would be recorded in the books at the value recorded in the books of father.
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