Balance sheet format for proprietorship


This query is : Resolved 

(Querist)
20 January 2018 Is it mandatory to maintain Balance sheet in schedule III or VI format for a Proprietorship Business or I can use traditional P/L & Balance sheet format (Liabilities on left side and Assets on right side) ?

RAJA P M (Expert)
20 January 2018 You can prepare traditional format if it's other than company*...


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