WHAT ACCOUNTING ENTRIES TO BE MADE FOR :
- GIFT TRANSACTIONS OF MONEY AMOUNT ?
- IN THE BOOKS OF DONOR - WHO GIVES MONEY AMOUNT AS GIFT
- IN THE BOOKS OF DONEE - WHO RECEIVES MONEY AMOUNT AS GIFT
Menu
Accounting entry for gift transactions for both parties
Replies (2)
Quick Summary
In donor"s books - Dr. Gift given ( under capital account ) Cr Casj/ Bank
In donee"s books - Dr. Cash/ Bank Cr. Gift Received (under capital account )
How to show the closing balance for doantions
Recent Topics :
- TAX TREATMENT AND ACCOUNTING ENTRIEOF PERQUISITES
- Gifting money to my father-in-law (my husband's da
- GSTR-1 JSON from marketplace exports (Myntra / Ama
- Question on buy back of shares
- Saving corporate tax completely on profit from rea
- Hi experts need some helps
- A query regarding GST and Place of Supply:
- ADT-3 not filed by previous Auditor
- Revising salary on 24Q Q4 FY 25-26
- LTCG: Home Loan Principal Repayment?
Related Topics :
CAclubindia
