Individual accounts
gaddala ramesh (163 Points)
17 May 2023
transferred amount from mother to daughter, how we treat this ledger, it is loan or capital expenditure, pls explain
gaddala ramesh (163 Points)
17 May 2023
NARENDRA
(ACCOUNTS MANAGER)
(1756 Points)
Replied 17 May 2023
Only purpose will decide the treat.. ............. for what purpose did a mother give money to daughter ??
gaddala ramesh
(163 Points)
Replied 17 May 2023
NARENDRA
(ACCOUNTS MANAGER)
(1756 Points)
Replied 17 May 2023
In Mother's Book -you can show Daughter is a Debtors or Loans &Advances under current assets .
In Daughter's Book - Mother is a Creditors or Loans Liability .
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