Trust Finanacials

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....rust Finanacials<br> Query (Issue) Started By: - CHITRA RAGURAM Dated:- 3-2-2011 Last Reply Date:- 5-2-2011 Other Topics<br>Got 2 Replies<br>Indian Laws<br>A trustee is donating his land to the trust ....

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....for construction of educational institution. A gift deed was executed in this regard. In the trust books, i am passing an entry "Land A/c Debit and Credit Trustee Account" - Is this correct ? Reply ....

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....By Venkatesan K: The Reply: Yes. it is correct. Reply By GOPALJI AGRAWAL: The Reply: From your query, it appears that you would treat trustee account as creditor or payables if it is so then you sh....

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....ould pass the entry as under Land Dr Corpus fund Cr<br> Discussion Forum - Knowledge Sharing ....