Huf is dissolved due to death of karta


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Querist : Anonymous

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Querist : Anonymous (Querist)
11 June 2014 If huf is dissolved due to death of karta n balance in bank has been transffered to th family members.. what is the accounting treatment in books of accounts of huf n members of the family

11 June 2014 it is like amt rec in inheritance or on dissloution..........

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Querist : Anonymous

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11 June 2014 so accounting treatment would be????????

11 June 2014 introduction of capital...eg if u rec cash then


cash a/c...dr
to capital a/c

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Querist : Anonymous

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11 June 2014 we can also consider it as gift??? ultimately it will trff to capital account.. gift is fully exempt ryt

11 June 2014 then there has to be a gift deed in this regard to prove it as gift.

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Querist : Anonymous

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11 June 2014 OK DEN I WILL PASS ABOVE ENTRY IN THE BOOKS OF MEMBER ...WHAT ENTRY SHOULD I PASS IN BOOKS OF KARTA???

11 June 2014 all asstes will be credited and will be debited to those who are recieving it.

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Querist : Anonymous

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11 June 2014 WE ARE PAASING ENTRY IN THE TALLY...SO I SHOULD OPEN THEIR LEDGER IN HEAD???
I MEAN UNDER UNSECURED LOAN,,

11 June 2014 create co-parcerners a/c and then pass enrty.....................


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