Sir,
One of my client has received a sum of ₹35,00,000 towards Extinguishment of Rights and he invests this amount in a new business. What is the journal entry to be passed?
3 Replies
Avinash G
(CA Student)
(138 Points)
Replied 03 September 2023
No sir. Extinguishment of Rights as in immovable property.
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