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Fdr treatment
In case receipt of FDR by inheritance under which side it will be shown in balance sheet.
Replies (9)
Capital balance should also increase or not
In Capital a/c it is debited as gift received .
i think capital account credit with that amount and investment/C.A debit.
Sorry its debited written due to oversight.
Its credited not debited.
investment a/c Dr.
to capital a/c
to capital a/c
PLEASE HELP ME TO SOLVE THIS PROBLEM.
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