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Querist : Anonymous

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Querist : Anonymous (Querist)
07 January 2017 Sir,

Please guide the following transaction how to entry pass in books

Flat received from mother after her expiry.
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Ruchi

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Ruchi (Expert)
11 January 2017 First of all, you dont need to show the flat in books of accounts.
Now if you still want to , then you should just debit the Flat account (fixed asset) and credit the Capital a/c with the current market value of flat.

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