Balance sheet of proprietorship firm

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mukeshyadav (Querist)
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22 December 2014 Dear Members

Please advice me about the balance sheet of PROPRIETOR SHIP BUSINESS.

WHETHER THE BALANCE SHEET OF PROPRIETORSHIP CONCERN IS PREPARED SEPARATELY FROM BALANCE SHEET OF PROPRIETOR.

IF YES HOW CAN PREPARE THE BALANCE SHEET OF PROPRIETOR.

THANKS

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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22 December 2014 both the personal and business assets needs to be shown in it.

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CA NAVEEN SINGLA

CA NAVEEN SINGLA (Expert)
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23 December 2014 2 separate Bal Sheet wld be prepared one with the Assets and Liability of Proprietorship Concern and other for the Proprietor.

Reason being Capital Introduced in Prop. Business is liability for Prop. Firm and Investment(Asset) for Prop.