Accounting entries

One of our client who passed away....had lots of share investments

so shares from his demat a/c were transferred to another persons demat accounts ...
So what are the accounting entries to be passed in both the books  ???

Pls reply urgently

Replies (3)

IN 1ST PARTY'S BOOK :-

 ABNORMAL LOSS A/C...........DR

             TO INVESTMENT IN SHARES A/C

IN 2ND PARTY'S BOOK :-

 SHARE IN INVESTMENT A/C..........DR

          TO ABNORMAL GAIN A/C

Ya as per Rupesh with relevant computations of loss/gain in transfer of shares can be accounted if the transferee is acquiring at differential rates per share subject to the market rates of those shares... Provided in both the parties a/c transfer of shares should be passed...

Hope so!

Just anybody let me know whether Iam exact or not?????

yes karthika you are right loss/gain should debit or credit as per market rates of shares

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 19 August 2026
Chartered Accountant

apricus india

Pune

CA

View Details
Company
ARTICLESHIP 10 August 2026
Article Assistant

Suraj Garg and Associates

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 17 August 2026
Article Assistant

Jain Ankit and Co

Gurgaon

CA Inter

View Details
Company
14 August 2026
Semi Qualified

Goyanka & Associates

New Delhi

CA Inter

View Details
Company
21 August 2026
Accountant

A G International

Kolkata

B.Com

View Details
Company
21 August 2026
Finance Manager

Resollect Technologies Pvt Ltd

Mumbai

CA

View Details
Company
ARTICLESHIP 07 September 2026
CA Articles

Kothari Jain Patil & Chartered Accountants

Pune

CA Inter

View Details
Company
ARTICLESHIP 01 September 2026
Articles

Saini Pati Shah & Co LLP, Chartered Accountants

Mumbai

CA Foundation

View Details