Cash gift giving entry with ledgers
This query is : Resolved
Ravinder Singhal
(Querist)
24 October 2013
i give one lakh rupees to my mother as a gift from my cash a/c.
so what entry should I record in tally? and also in which head I show my mother?
for this should I transfer cash into capital and reduce from capital or direct less cash a/c.
please suggest me.
so what entry should I record in tally? and also in which head I show my mother?
for this should I transfer cash into capital and reduce from capital or direct less cash a/c.
please suggest me.
24 October 2013
Gift to Mom (under capital A/c) Dr.
to Cash A/c
to Cash A/c
Ravinder Singhal
(Querist)
25 October 2013
thanks sir
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