If a pvt ltd company has 2 directors A and B having share A-60000 B-30000 and 1 share holder(not Director) C-10000 then the following appearance in Balance sheet is right?

Paid up Capital

A-60000
B-30000
C-10000

Total 100000

Dear Experts,
One of our clients is doing a business and he carries the business in the sole proprietor name. It is a tax audit case. My doubt is since we are filing the I.T. return in the name of the assessee (individual) 1)Whether other than the business properties such as (house property registered in his name) should be shown in the balance sheet?
2)Any investment (made in shares,NSC,KVP,Mutual Funds, Bonds,LIC etc) should be shown in the balance sheet?
3) The assessee often draws money from his Savings Bank A/c(i.e. account maintained for his own use not for business purpose) and put those money in the business....the problem is the amount put into the business is not reflecting in the credit side of the current account...somewhere it is accounted...Can i ask the client to pass the entries like this.
In the books of business:
Cash A/c Dr. 100
To Current A/c 100
(being the amount brought in for the business)
Exp. A/c Dr. 85
To Cash A/c 85
(being the payment for exp.)
P&L A/c Dr. 85
To Exp. A/c 85
(exp. being tfrd. t p&L a/c on finalisation stage)
In the books of individual:
Cash A/c Dr. 100
To SB A/c 100
(being amount with drawn)
Business Contrn. A/c Dr. 100
To Cash A/c 100
(being amount put into the business)
Are the above entries correct?



The problem is the assessee maintains only one books of accounts, in this he has included the SB A/c, thats why this confusion. If anyone can give me more clarification it will be great help for me.
With regards,
Rajesh.

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Respected All,

Please give your views:

A private limited company has only one fixed asset which is an immovable property building.
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Regards