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