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transferred amount from mother to daughter, how we treat this ledger, it is loan or capital expenditure, pls explain
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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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