Sir,
One of my client has received a sum of ₹35,00,000 towards Extinguishment of Rights and he invests this amount in a new business. What is the journal entry to be passed?
Sir,
One of my client has received a sum of ₹35,00,000 towards Extinguishment of Rights and he invests this amount in a new business. What is the journal entry to be passed?
Simple!
Rights and options?
No sir. Extinguishment of Rights as in immovable property.
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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