Q. When a Fixed Asset is obtained as a gift, the account to be credited is (Solved)
1. Goodwill A/c
2. Capital Reserve A/c
3. Donor‘s A/c
4. General Reserve A/c
- b. Capital Reserve A/c
1. Goodwill A/c
2. Capital Reserve A/c
3. Donor‘s A/c
4. General Reserve A/c