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 :
- GSTR1 amendment Bulk bills
- Capital Gain on Sale of Gold
- GST SALES RETURN MISSING 2025-26 FY
- Enquiry on FAST-DS system generated email
- Capital gain on sale of agriculture land
- Demand from TRACES
- FY 2025-26 ITC CLAIM DUE DATE
- 96084000 and 48202000 HSN code ka Tax Rate kya hai
- Clarifications for intra day transactions
- CA FINAL FR FINANCIAL INSTRUMENTS (Ind AS 109) Dou
Related Topics :
CAclubindia
