Can anybody tell me How i can book entry for Gold coin received as a scheme gift. If i have not record it, is there is any problem.
1 Replies
CA Aditya Modi
(Associate Manager)
(159 Points)
Replied 13 June 2011
I guess what we can do is to show it at token value in the balance sheet and reduce that token value from the cost of asset.
we will also have to give a note in the notes of accounts
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