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Accounting treatment for assets transfered through will in the balance sheet

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Guest (Querist)
14 June 2015 Sir,
In Case of individual when any immovable property is transfered through will after the death of father, then at what value the property will be recorded in the books (balance sheet )?? At what value ??
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Ankur Singhal

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Ankur Singhal (Expert)
15 June 2015 The asset would be recorded in the books at the value recorded in the books of father.

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