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account entry

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(Querist)
07 May 2011 how can one entry in this situation "father was dead and son got amount from the maturity of fixed deposit, insurance claimed amount,cash and son is only nominee

how son can entry in his book?
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Dr. Sudhir Mutha

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Dr. Sudhir Mutha (Expert)
07 May 2011 Son may debit assets received like Cash/Bank/Fixed Deposit & Credit Capital Account.

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