Balance sheet of proprietorship firm
This query is : Resolved
mukeshyadav
(Querist)
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
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
22 December 2014
both the personal and business assets needs to be shown in it.
Message likes :
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CA NAVEEN SINGLA
(Expert)
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.
Reason being Capital Introduced in Prop. Business is liability for Prop. Firm and Investment(Asset) for Prop.
Rupesh Jain
(Expert)
24 December 2014
you can prepare the separate B/s of business and personal assets.
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