Dear Sir/Madam,

An assessee has both salary income & business income. He also has personal assets like Gold, Investments etc which is UNRELATED to both his salary and business income..
He is planning to apply for a home loan..
Should he prepare a personal balance sheet showing gold investments etc?
or Should he prepare a business balance sheet?
or Should he merge both business & personal balance sheet?

Should Final Accounts be prepared in Firm's name or in the proprietor's name??

A transaction 'He Pays by Cheque for Cash Purchase'.How can i treat the transaction whether it is a Bank transaction or a CashOne?Kindly help me to solve it

Dear Sir I am having salary income and income from other sources as an individual capacity . Gross Total comes around approx Rs 580000. I just want to know whether I can claim deduction of interest paid on personal loan. I have borrowed personal loan and I am paying interest approx an average of Rs 4500. I am having confusion that when I am earning interest income of Rs 90000 above exemption limit. Can I adjust interest paid against my interest received income. plz clarify

cheque issued amount of 36321 but not presented in bank till 31st march 2017. How I can show it in balancesheet of 31st march 2017

how to make salary expense journal entry

I have a query as to when a Bill should be recorded in the Books of Accounts.

Example:
Bill Received on 01/12/2016
Bill approved by CFO on 01/01/2017
Payment made on 01/02/2017.

sir,for valuing goodwill by super profit method icai in the pm sometimes uses average capital employed and sometimes closing capital employed.is there a pattern?

I had Purchased a Motor Cycle in 2014-15 in my personal Name. How will I show the Depreciation in Profit & Loss Account, and Balance Sheet. Will it effect my Computation Sheet.

Consider 3 scenario as below:

1) Invoice raised on 1MAR2016 for the services rendered for the period 1Feb16-28Feb16. Payment received on 3APR2016.
2) Invoice raised on 31MAR2016 for the services rendered for the period 1Mar16-31Mar16. Payment received on 20APR2016.
3) Invoice raised on 1APR2016 for the services rendered for the period 1Mar16-31Mar16. Payment received on 20APR2016.

Which financial year above transaction 1, 2 and 3 falls into ? 2015-16 or 2016-17 ?

firm's balance sheet can be consolidated with companies????