Capital account in New balance sheet

This query is : Resolved

Vaneet Monga (Querist)
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21 March 2023 Respected Sir.
Good afternoon
I am prepare Balance sheet for Sole-Proprietorship In new format (Non Corporate entities ) So where i Show proprietor has some deposit amount in PPF account and have some Insurance Health and other so can we insert one or two column in capital account,s format or note . In format have below
Name of Partner/ Proprietor/ Owner
"Share of profit/ (loss) %
As at 1st April 20XX (Opening Balance)
Capital Introduced/contributed during the year
Remuneration for the year
Interest for the year
Withdrawals during the year
Share of Profit / Loss for the year
As at 31st March 20XX (Closing Balance)
No mention any other detail so please provide your valuable suggestion

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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21 March 2023 Generally the investments or personal assets & liabilities not related to business or professions are not declared in the BS relevant to business &/or profession. These are declared in capital account separately. Still if you wish, you can modify the BS format as per your need.

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CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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21 March 2023 These are personal deposits and insurance no need to show it in balance sheet.

Vaneet Monga

Vaneet Monga (Querist)
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28 March 2023 Dear Sir, I have posted a query under income tax . But it shows "Your query has been posted. Will start displaying after moderation".
again i have posted with other Subject same message our query has been posted. Will start displaying after moderation".
Please suggest what is this

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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28 March 2023 Send message to contact us in Caclubindia.

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