Business loss
This query is : Resolved
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ARUN GUPTA
(Querist)
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.
CA R SEETHARAMAN
(Expert)
30 December 2020
Pass the entry in capital account the loss.
ARUN GUPTA
(Querist)
30 December 2020
I have passed loss entry to capital account but difference coming in balance sheet .Difference of loss coming.
CA R SEETHARAMAN
(Expert)
30 December 2020
Reduce cash/ bank balance.
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