banner_ad

Accounting entries

A/c entries 1230 views 3 replies

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


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details
Company
21 May 2026
Associate

PWC

Kolkata

CA

View Details
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
ARTICLESHIP 14 May 2026
CA ARTICLE

PRAVEEN GARG & CO

Faridabad

CA Foundation

View Details
Company
12 May 2026
Accounts Executive

Nafa Group

Mumbai

B.Com

View Details
Company
19 May 2026
Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

CA

View Details
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details