A company has received shares of another company in the form of GIFT. What would be the accounting entry of this transaction ?
Menu
Accounting treatment of gift received by a company
Replies (2)
As per me
Should be Debited under asset side Investment
and Credited to revenue under Misc.Receipts.
I do agree with rahul. investment shuold be recognised at nominal value.
Recent Topics :
- Rule 86(B) Applicability
- ROC FILINGS FY2025-26
- Mismatch in 26AS
- How Can a Trader Utilise Approximately ₹1.20
- How Can Law Students Present Papers at Conferences
- On which amount 200% penalty under section 270A is
- RECEIVED INTIMATION U/S 399 FOR TDS PAYMENT ON PRO
- How do CA firms track SEBI/AMFI circulars and dead
- Jurisdictional validity of Sec 148 notice after fa
- Taxable Income or Not
Related Topics :
CAclubindia
