Gift
This query is : Resolved
09 February 2015
'A' get gold & silver as gift from his father, what is the accounting treatment of gift in A books.
09 February 2015
A will books as following entry (assumed as a has prop business)
Gold/Silver A/c.......dr
to capital a/c
Gold/Silver A/c.......dr
to capital a/c
19 February 2015
a get gold & furniture from his father in a partition of property , than what will be the journal entry.
19 February 2015
gold a/c....dr
furniture a/c...dr
to capital a/c
furniture a/c...dr
to capital a/c
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- ESI Contribution after implementing COSS
- Can huf give gift to karta or kartas wife and son
- FY 24-25 Invoice Booked in FY 25-26 & ITC Claimed in FY 25-26
- Cg on ancestral property sale distribution
- TDS deduction liability ?
- Outward HSN details in Table 17 - unable to enter more than 6 HSN codes - Reg.
- Negative liability in GSTR-3B
- Query on applicability of Small Company, CARO & IFC
- Applicability of GST on Paying Guest
- ASSOCIATES & JOINT VENTURE NET WORTH ATTRIBUTABLE TO SHAREHOLDING AS PER LATEST AUDITED BALANCE SHE
- GSTR-9 Schema Validation Issue
- STOCK TRANSFER ENTRY IN TALLY PRIME
- Accounting of branch but having one current Account
- GSTR-9 Annual Return
- Articlehsip_temination
- Salary journal entry
- Design work
- Goods stopped by DRI department at port
- Inventory Valuation and Closing Stock entry in books and opening stock entry in books
- IGST refund with GST amendment deadline over
Trending Online Classes
-
FR & Direct Tax (Regular Batch Combo) For May 26 & Onwards
CA Bhanwar Borana & CA Aakash Kandoi
CAclubindia
