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Business loss

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ARUN GUPTA (Querist)
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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.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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30 December 2020 Pass the entry in capital account the loss.

ARUN GUPTA (Querist)
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30 December 2020 I have passed loss entry to capital account but difference coming in balance sheet .Difference of loss coming.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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30 December 2020 Reduce cash/ bank balance.

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