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Treatment of inherited/gifted assets

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Querist : Anonymous

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Querist : Anonymous (Querist)
31 May 2013 How to record Inherited/Gifted assets in Books????

I mean what to "Credit"?????


Plzz reply



thanks
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Guest (Expert)
31 May 2013 I have seen people crediting Capital A/c throughout my articleship in such a case. However, lets wait to get a clear view on the issue by other experts.

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