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Intial amount received from settlor of trust

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(Querist)
28 December 2013 There is trust formed and intial amount received from settlor. my question is in accounts where shall i group the ledger of settlor in capital or loan liability
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CA PARTH SHAH

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CA PARTH SHAH (Expert)
04 February 2014 SETTLOR ACCOUNT WONT BE REFLECTED IN THE BOOKS OF TRUST. INTIAL AMOUNT RECEIVED FROM THE SETLLOR SHALL BECOME THE CAPITAL OF THE TRUST.

ENTRY

CASH/BANK A/C DR
TO CAPITAL A/C

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