Treatment of gift

if a gift is received as money from husband to wife treat it as a receipt of money.

bank/ cash A/c....Dr
To capital account.

as the money given by husband is coming into the business as additional capital.

gift received is her personal amount and the same is getting invested in business again....

hope you got clarified

Yeah got it,

But I need accounting treatment in the books of Individual(Husband) not in the books of wife.

Yeah got it,

But I need accounting treatment in the books of Individual(Husband) not in the books of wife.

treat it as a drawings then

in the books of husband....

capital account.....Dr
To bank/cash A/c

Thank you.