Individual accounts

17 May 2023

transferred amount from mother to daughter, how we treat this ledger, it is loan or capital expenditure, pls explain

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5 Replies

NARENDRA (ACCOUNTS MANAGER) (1994 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

Shortage of money in daughter's account she will return after some time

NARENDRA (ACCOUNTS MANAGER) (1994 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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gaddala ramesh (163 Points)
Replied 18 May 2023

Super sir satisfied

NARENDRA (ACCOUNTS MANAGER) (1994 Points)
Replied 18 May 2023

:) WELCOME......... DEAR...........

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