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Gift received is recorded in which account

Atharv Sankliya (1323 Points)

26 December 2021

gift received is recorded in which account?? p&l or capital

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VISHAL JAIN (Self Employeed) (169 Points)
Replied 26 December 2021

Capital

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Tanuj Chandra Saxenaa (Company Secretary) (7070 Points)
Replied 27 December 2021

Show it in proprietor capital account Add it to the capital account

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Atharv Sankliya (1323 Points)
Replied 27 December 2021

Why ???

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