Fdr treatment

Manjary Singh (Article) (27 Points)

07 June 2017

In case receipt of FDR by inheritance under which side it will be shown in balance sheet.

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9 Replies

(Guest)

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

Manjary Singh (Article) (27 Points)
Replied 07 June 2017

Capital balance should also increase or not

CA Rashmi Gandhi (Chartered Accountant) (86220 Points)
Replied 07 June 2017

In Capital a/c it is debited as gift received .

Nitesh (accountant) (123 Points)
Replied 07 June 2017

i think capital account credit with that amount and investment/C.A debit.

CA Rashmi Gandhi (Chartered Accountant) (86220 Points)
Replied 07 June 2017

Sorry its debited written due to oversight.

CA Rashmi Gandhi (Chartered Accountant) (86220 Points)
Replied 07 June 2017

Its credited not debited.

Shivani Thacker (.Student) (107 Points)
Replied 08 June 2017

investment a/c Dr.
to capital a/c

Manjary Singh (Article) (27 Points)
Replied 08 June 2017

PLEASE HELP ME TO SOLVE THIS PROBLEM.

(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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