Gift of land whether it is deleted from balance sheet
This query is : Resolved
10 September 2013
if land is gifted whether it is shown in balance sheet or not
10 September 2013
Yes it shall be show at the balance sheet by passing the following entry.
Land a/d dr XXXX
To Capital a/c XXXC
(Being gift of land received from XXXX).
OM SAI SRI SAI JAI JAI SAI
Land a/d dr XXXX
To Capital a/c XXXC
(Being gift of land received from XXXX).
OM SAI SRI SAI JAI JAI SAI
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10 September 2013
not received gift given by us what is accounting tretment
10 September 2013
Is if such land is appearing at the balance sheet as on the date of gift.
OM SAI SRI SAI JAI JAI SAI
OM SAI SRI SAI JAI JAI SAI
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