Gift deed

This query is : Resolved 

22 February 2012 Hello Sir,

I would like to know,if anybody gift their Land to relative as per gift deed,in that case how will i entry in books,to whom i debited?land is showing in books,but now after gift to relative,how to be enter in tally......

22 February 2012 When you Gift Land your capital will reduce....Entry will be...

Capital A/c Dr...

To Land A/c..

(Being land gifted to .......)

22 February 2012 Thanks lot Sir..

22 February 2012 Thanks lot Sir..


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