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Whether is it mandatory to show drawings in the Balance Sheet of an individual file ?
Replies (4)
If already declared in capital account, no need in BS.
At the time of the preparing balance sheet, why is it required to show some drawings.. Is there any logic in this..
Because you cannot live without expending anything. If an individual has not withdrawn any capital for personal expenditure (from Personal BS/CA), implies some other source of undisclosed income!!!
Thank you sir..
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