I require a journal entry. The question is: You received 10,000 shares in X ltd that are trading in the market for $3 per shares, as a GIFT from your regular client.

Regardless of it being a gift, the shares are still an investment and therefore still go into an investment account as an asset.

Then you credit "Bribe Income." :p

Um... actually, I'd be curious to know why a client would be giving this as a gift, but if this is unusual it can just be charged off to Miscellaneous Income. But I am answering that from a real-life, small company point of view. Since that looks like possibly homework, it might make a different what topic you are studying and therefore how that question would fit in.

Oh wait... hmm, basis of zero?