Business loss
This query is : Resolved
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29 December 2020
I have no purchase sale during fy 2019-2020 in my properitorship firm whose propritor is huf. Ihave interest income of Rs200000/ in my huf firm. Ihave loss of Rs4000 in propritorship firm. How can i show loss of 4000 in balance sheet without passing entry in profit and loss account. Please advise in details.
30 December 2020
Pass the entry in capital account the loss.
30 December 2020
I have passed loss entry to capital account but difference coming in balance sheet .Difference of loss coming.
30 December 2020
Reduce cash/ bank balance.
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