HOW TO SHOW ENTRY OF GIFT

chetan (accountant) (321 Points)

16 June 2011  

hI

IF MR.A  HAS GIVEN A CHEQUE OF RS 50LACS TO MR.B AS GIFT HOW I WILL SHOW THE THIS ENTRY IN MY ACCOUNTS. AND THERE IS NEED TO MAKE GIFT DEED.

MR A. AND MR.B ARE RELATIVE.