An assessee has both salary income & business income. He also has personal assets like Gold, Investments etc which is UNRELATED to both his salary and business income.. He is planning to apply for a home loan.. Should he prepare a personal balance sheet showing gold investments etc? or Should he prepare a business balance sheet? or Should he merge both business & personal balance sheet?
Should Final Accounts be prepared in Firm's name or in the proprietor's name??
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