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gift received in cash

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(Querist)
23 November 2010 Gift received in cash in which heads it's come in balance heet???
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CS ,CMA Shambhu Kr. jha

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CS ,CMA Shambhu Kr. jha (Expert)
23 November 2010
in the balance sheet cash received under any head will be shown in the cash account
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
23 November 2010 Gift received in Cash Entry:

Cash A/c Dr....
To Capital A/c
(Being Gift received in Cash)
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CA. Kishore Choudhary

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CA. Kishore Choudhary (Expert)
23 November 2010 right guptaji
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Rinky jhanwar

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Rinky jhanwar (Querist)
25 November 2010 what impact on Financial Statement???
have to increase the Cash...and have to increase the capital also...
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
25 November 2010 Yes as a result both cash and capital will increase.

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