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transferred amount from mother to daughter, how we treat this ledger, it is loan or capital expenditure, pls explain
Replies (5)
Only purpose will decide the treat.. ............. for what purpose did a mother give money to daughter ??
Shortage of money in daughter's account she will return after some time
In Mother's Book -you can show Daughter is a Debtors or Loans &Advances under current assets .
In Daughter's Book - Mother is a Creditors or Loans Liability .
Super sir satisfied
:) WELCOME......... DEAR...........
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