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Balance sheet & p & l for 2019-20

This query is : Resolved 


I am a salary person & having a small garment shop as proprietor..
Please advice can prepare balance sheet only for shop accounts or include my salary & Market trading with combined.

Kushagra Pradhan

You can prepare BS & PandL account for Your Garment business... Salary income account into capital account.

You can do by both method. You can prepare Two Balance Sheet. or One.

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