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Journal entry of shares gift

This query is : Resolved 
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(Querist)
18 October 2024 Journal entry of shares gift by an individual
Shares received
Shares Gift to another
how to make entry in the both case.
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
19 October 2024 Shares Received as Gift:
Debit: Investment in Shares (Asset) | [Value of Shares]
Credit: Gift Received (Income) | [Value of Shares]
Shares Gifted to Another:
Debit: Gift Given (Expense) | [Value of Shares]
Credit: Investment in Shares (Asset)| [Value of Shares]
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