Personal balance sheet or business balance sheet for loans?

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Tax (Querist)
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20 February 2017 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??

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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20 February 2017 Should merge both personal and business balance sheet. Final accounts be prepared in proprietor's name.

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