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Fdr treatment

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Article
27 Points Posted on 07 June 2017
In case receipt of FDR by inheritance under which side it will be shown in balance sheet.
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On 07 June 2017 at 15:27 Report
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Guest

It's an asset, shown under "Assets".

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On 07 June 2017 at 15:49
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Article
27 Points Posted on 07 June 2017
Capital balance should also increase or not
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On 07 June 2017 at 21:22
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Chartered Accountant
86505 Points Posted on 07 June 2017
In Capital a/c it is debited as gift received .
814 Reply
On 07 June 2017 at 22:03
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accountant
123 Points Posted on 07 June 2017
i think capital account credit with that amount and investment/C.A debit.
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On 07 June 2017 at 22:07
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Chartered Accountant
86505 Points Posted on 07 June 2017
Sorry its debited written due to oversight.
814 Reply
On 07 June 2017 at 22:17
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Chartered Accountant
86505 Points Posted on 07 June 2017
Its credited not debited.
814 Reply
On 07 June 2017 at 22:18
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.Student
107 Points Posted on 08 June 2017
investment a/c Dr.
to capital a/c
1 Reply
On 08 June 2017 at 00:44
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Article
27 Points Posted on 08 June 2017

PLEASE HELP ME TO SOLVE THIS PROBLEM.

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On 08 June 2017 at 11:26
Guest

Capital balance will increase, as it is assets less liabilites. When assets value goes up, capital increases if liabilities remain same.

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On 08 June 2017 at 13:28


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