Journal entry of shares gift
This query is : Resolved
18 October 2024
Journal entry of shares gift by an individual
Shares received
Shares Gift to another
how to make entry in the both case.
Shares received
Shares Gift to another
how to make entry in the both case.
19 October 2024
Shares Received as Gift:
Debit: Investment in Shares (Asset) | [Value of Shares]
Credit: Gift Received (Income) | [Value of Shares]
Shares Gifted to Another:
Debit: Gift Given (Expense) | [Value of Shares]
Credit: Investment in Shares (Asset)| [Value of Shares]
Debit: Investment in Shares (Asset) | [Value of Shares]
Credit: Gift Received (Income) | [Value of Shares]
Shares Gifted to Another:
Debit: Gift Given (Expense) | [Value of Shares]
Credit: Investment in Shares (Asset)| [Value of Shares]
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